Ichimoku Cloud - Indicator Formula

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)