what is the ichimoku kinko hyo 
the ichimoku kinko hyo or ichimoku for short is a technical indicator that is used to gauge momentum along with future areas of support and resistance the all in one technical indicator is comprised of five lines called the tenkan sen kijun sen senkou span a senkou span b and chikou span understanding ichimoku kinko hyothe ichimoku kinko hyo indicator was originally developed by a japanese newspaper writer to combine various technical strategies into a single indicator that could be easily implemented and interpreted in japanese ichimoku translates to one look meaning traders only have to take one look at the chart to determine momentum support and resistance ichimoku may look very complicated to novice traders that haven t seen it before but the complexity quickly disappears with an understanding of what the various lines mean and why they are used the ichimoku indicator is best used in conjunction with other forms of technical analysis despite its goal of being an all in one indicator ichimoku kinko hyo interpretationthere are five key components to the ichimoku indicator example of an ichimoku kinko hyo chartthe following is an example of an ichimoku indicator plotted on a chart in this example the ichimoku cloud is the area that s shaded in orange which represents a key area of support and resistance the chart shows that the spdr s p 500 etf remains in a bullish uptrend since the current price is trading above the cloud if the price were to enter the cloud traders would watch for a potential reversal of the trend 