Ichimoku Cloud Indicator – Ichimoku Kinko Hyo Explained [Video]
|Cloud indicator is short for Ichimoku cloud, or Ichimoku Kinko Hyo. You can translate this as “a glance at a chart in balance”.
A Japanese journalist called Goichi Hosoda invented this charting technique in 1936. Since then, the Ichimoku cloud indicator has become a popular trading tool in Japan. It has recently gained popularity among traders in the West.
For more from Invest Diva, click here
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.