Ichimoku Clouds – Cryptocurrency settings and Basics



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6 Comments

  1. A very common mistake here.
    In an Ichimoku representation, lines are NOT moving averages but represents the 50% range for each associated period. Moving averages represente an average of closing prices on a said period. Here we look at the 50% range between the high and the low of a period of 9 and 26. MA is a lagging indicator, Ichimoku is not :).
    The conversion line represent the 50% range of the last 9 periods and the base line is 50% range of the last 26 periods and the lagging span represent the close plotted 26 periods back.

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