Ichimoku charts are built around candlestick charts with the following five lines added-
1. Tenkan-sen
(Highest High + Lowest Low)/2, for the past 9 periods
2. Kijun-Sen
(Highest High + Lowest Low)/2, for the past 26 periods
3. Senkou Span A
(Tenkan-Sen + Kijun-Sen)/2, plotted 26 periods ahead
4. Senkou Span B
(Highest High + Lowest Low)/2, for the past 52 periods, plotted 26 periods ahead
5. Chikou Span
Today’s closing price plotted 26 periods behind
Mid-prices are used for all lines except Chikou Span.
The three key time periods are 9, 26, 52.
The Cloud is the area between Senkou Span A and Senkou Span B.
1. Tenkan-sen
2. Kijun-Sen
(Highest High + Lowest Low)/2, for the past 26 periods
3. Senkou Span A
(Tenkan-Sen + Kijun-Sen)/2, plotted 26 periods ahead
4. Senkou Span B
(Highest High + Lowest Low)/2, for the past 52 periods, plotted 26 periods ahead
5. Chikou Span
Today’s closing price plotted 26 periods behind
The three key time periods are 9, 26, 52.
The Cloud is the area between Senkou Span A and Senkou Span B.
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