Ichimoku Cloud Calculations and how this Indicator Informs Support and Resistance
135The two Senkou Span lines that define the Ichimoku Cloud provide intelligence on medium and longer-term support and resistance levels. This video explains the calculations and considers how the cloud (or Kumo) then helps to inform potential shorter-term reversals in price action.
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This is Episode 7 in the Darwinex 'Spotlight on Trading Indicators' Playlist: https://www.youtube.com/playlist?list=PLv-cA-4O3y97HAd9OCvVKSfvQ8kkAGKlf
Video Contents:
00:00 Ichimoku Cloud Calculations
00:13 Why Darwinex?
01:02 Kumo Calculations
02:11 Senkou Span A Calculation
04:40 Senkou Span B Calculation
06:40 Illustration of Support & Resistance
07:33 Summary and Next Episodes
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Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.
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