Chikou Span is the Trend Indicator of Ichimoku Kinky Hyo system. Current Close is Plotted 26 period behind to detect the established trend, as I said earlier, Ichimoku is a trend following system, Chikou span confirms the trend, by comparing the close with the closing price 26 period behind, it's like almost a month. It's very fascinating to see how Chikou span successfully confirming the Trend once it is formed. Hope this helps friends.
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Duration: 9m 8s
Rating: 170
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:ichimoku_cloud