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--- technical_indicators:ichimoku_cloud [2019/09/07 00:01]
betseyp
+++ technical_indicators:ichimoku_cloud [2021/05/20 21:44]
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@@ Line 5: / Line 5: @@
 The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into "one look equilibrium chart". With one look, chartists can identify the trend and look for potential signals within that trend. The indicator was developed by journalist Goichi Hosoda and published in his 1969 book. Even though the Ichimoku Cloud may seem complicated when viewed on the price chart, it's actually a rather straightforward indicator; the concepts are easy to understand and the signals are well-defined.
-===== Calculation =====
+{{:technical_indicators:ichimoku_cloud:ichimoku-intro.png}}
+===== Ichimoku Cloud Calculation =====
 Four of the five plots within the Ichimoku Cloud are based on the average of the high and low over a given period of time. For example, the first plot is simply an average of the 9-day high and 9-day low. Before computers were widely available, it would have been easier to calculate this high-low average rather than a 9-day [[:technical_indicators:moving_averages|moving average]]. The Ichimoku Cloud consists of five plots:
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-===== Using with SharpCharts =====
+===== Charting with the Ichimoku Cloud Overlay =====
+==== Using with SharpCharts ====
 The Ichimoku Cloud indicator is available on SharpCharts by selecting it as an indicator in the "Overlay" drop-down box. Default settings are 9 for the Conversion Line, 26 for the Base Line and 52 for the Leading Span B. The Leading Span A is based on the Conversion Line and Base Line. The number for the Base Line (26) is also used to move the cloud forward (26 days). These numbers can be adjusted to suit individual trading and investing styles. Sometimes it is necessary to add extra bars to the chart when increasing the Base Line, which also increases the forward movement of the cloud.
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 {{:technical_indicators:ichimoku_cloud:ichi-8-shchlive.png|Chart 8 - Ichimoku Cloud}}\\
 [[https://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=0&mn=6&dy=0&id=p03667051915&listNum=30&a=193876371|Click here for a live version of this chart.]]
+==== Using with StockChartsACP ====
+This overlay can be added from the Chart Settings panel for your StockChartsACP chart. The example below shows the Ichimoku Cloud (Full) overlay, which plots all parts of the overlay. Chartists can instead select the simpler Ichimoku Cloud overlay to plot only the clouds, and not the additional lines.
+{{:technical_indicators:ichimoku_cloud:ichimoku-acp.png}}\\
+[[https://schrts.co/wApaQnjD|Click here for a live version of this chart.]]
+By default, the overlay is calculated with a 9-period Conversion Line, 26-period Base Line, and a 52-period Leading Span B Line. These parameters can be adjusted to meet your technical analysis needs.
 ===== Suggested Scans =====