Ichimoku Indicator

When analyzing price movements on the chart before placing orders, traders can be hindered by minor price fluctuations - market noise. It is difficult for them to see significant trends, and it is easy to make a false forecast. There are numerous indicators designed for outlining the cycles and waves on a chart, and Zig Zag is one of them. It allows you to cut off the price noise and more accurately identify the key trend, significant price changes, reversals, and other important trend changes.

Even novice traders, let alone professionals have heard of Ichimoku, but not everyone uses it and not that often, although the indicator is included in many programs for analytical trading. In fact, it is one of the most effective and multifunctional indicators that is meant to determine the price movement, support/resistance levels, and trend zones. So, today we will dive into the Ichimoku indicator: learn how to interpret its readings and apply that information to trading.