Ichimoku Settings
The standard settings for an Ichimoku Kinko Hyo chart are 9,26,52.
The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the complete "Ichimoku picture". A summary of how each line is calculated is outlined below:
TENKAN SEN ("turning line")
(HIGHEST HIGH + LOWEST LOW)/2 for the past 9 periods
KIJUN SEN ("standard line")
(HIGHEST HIGH + LOWEST LOW)/2 for the past 26 periods
CHIKOU SPAN ("lagging line")
CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods
SENKOU SPAN A ("1st leading line")
(TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods
SENKOU SPAN B ("2nd leading line")
(HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future) 26 periods
The senkou span A and B together form the Ichimoku "kumo" or cloud.
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