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When an assets price is above the Ichimoku Cloud, this represents a bullish opportunity.
When an assets price is below the Ichimoku Cloud, this represents a bearish opportunity.
Calculation:
TenkanSen ( Conversion Line ) = ( Highest High + Lowest Low ) / 2
default period = 9
KijunSen ( Base Line ) = ( Highest High + Lowest Low ) / 2
default period = 26
KijunSen ( Base Line ) = ( Highest High + Lowest Low ) / 2
default period = 26
Chiku Span ( Lagging Span ) = Price Close shifted back 26 bars
Senkou A ( Leading Span A ) = ( TenkanSen + KijunSen ) / 2
(Senkou A is shifted forward 26 bars)
Senkou B ( Leading Span B ) = ( Highest High + Lowest Low ) / 2 using period = 52
(Senkou B is shifted forward 26 bars)
