The two main Components of Ichimoku Kinko Hyo system are Kijun Sen and Tenkan Sen, the Blue and the Red line. The Crossovers of these two lines gives you the trigger for long and short, The Kijun Sen and Tenkan Sen lines are drawn based on the Entire range of Price, unlike the Close, Highest High and Lowest low is taken into calculation. The Kijun Sen is the 26 period Average of the Highest High and the Lowest low whereas the Tenkan Sen is for 9 periods. The Crossovers of Kijun and Tenkan sen are pretty different and unique when compared to Exponential Moving averages of the same period or for that matter, any Moving averages that we use. The Objective is to give the full trend and give a dynamic Stop loss and take profit level. All the best.
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Duration: 13m 20s
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