what is the chikou span in ichimoku clouds 
the chikou span is meant to measure market sentiment using the most recent closing price and plotted 26 periods behind the price action the bottom linein order to create a cloud to show where prices may find future resistance or support the ichimoku cloud plots multiple averages on a chart this shows not only support and resistance but also trend direction and momentum all of which appear as a group of technical indicators while there are some limitations to the ichimoku cloud it is neither better nor worse than existing technical indicators such as moving averages it simply represents information in a different way 