By: rapidtips On: April 11, 2019 In: Comments: 0

Ichimoku Cloud Indicator

It is also known as Ichimoku Kinko Hyo. The Ichimoku cloud is the versatile indicator that defines support and resistance levels, trend direction and momentum which also provides trading signals.
This Indicator was developed by Goichi Hosoda, and he published in the year 1969. As compared to standard candlestick chart, it gives more accurate data points.