Ichimoku is a comprehensive technical analysis indicator used to gauge market momentum and identify support and resistance levels. Developed in Japan, the term means "one glance" in Japanese, reflecting its ability to provide a broad view of potential market trends quickly. The method consists of five main components: Tenkan-sen (conversion line), Kijun-sen (base line), Senkou Span A and B (leading spans), and Chikou Span (lagging line). Together, these elements create a cloud-like structure, known as the Kumo, which can help traders visualize the relationship between these indicators and price action. The Ichimoku system is particularly valued for its ability to account for trends and potential reversal points while integrating multiple timeframes.
