ICHIMOKU KINKO HYO

History of Ichimoku Kinko Hyo

Created by Goichi Hosoda (1898 – 1982).

-    He was a journalist for the capital newspaper (Tokyo Shin bun).

-    In 1932 he foremed a team of 7 people.

-    In spring 1935 he has finished his indicator (Ichimoku Kinko Hyo):

•    Ichimoku = at one glance.

•    Kinko = balance.

•    Hyo = barchart.

-    He kept it secret until 1950, he told his close friends about it.

-    He publish it at 1968.Construction:Past>>>>>Present>>>>>Future   

Present:-   

Tenkan Sen: the mid-point between 9 days High and Low.-   

Kijun Sen: the mid-point between 26 days High and Low.

Past:-   

Chikou: current close but move it back 26 bars ago in the past.

Future:-   

Senkou span A: the mid-point between Tenkan sen and Kijun sen but move it forward 26 bars in the future.   

Senkou span B: the mid-point between 52 days High and Low but move it forward 26 bars in the future.


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