Ichimoku Kinko Hyo EA – The Indicator

Part 1 – Ichimoku Kinko Hyo, The Indicator

The Ichimoku Kinko Hyo is an indicator present by default in the MT4 platform. It ‘an indicator developed by a Japanese journalist, hence the name that stands for equilibrium at a glance. In fact, as you can see by looking at the chart below

The indicator has a very strong visual impact which may in some cases even to discourage its use. Instead it is this graphic its strength and the means by which the indicator suggests the presence or absence of a trend.
As we can see the Ichimoku Kinko Hyo is composed of 5 lines and of a cloud called  kumo that differentiates it from most of the indicators. Another characteristic of the indicator that you will notice looking at the graph is the fact that some lines, ones that form the kumo, are shifted forward, while a line, in yellow is shift back.
Let’s examine now the various lines that make up the indicator to try to understand how the indicator provides us with information on price trends.

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