Ichimoku Kinko Hyo

The Ichimoku Kinko Hyo is a technical indicator that was created with the anticipation of being an all in one indicator. It was created to measure market momentum along with support and resistance levels. The indicator has five key components that consider highs and lows over various time lengths then plot calculated trends from the considered points. This technical indicator is frequently used with other indicators and does not serve the hoped for an all-in-one solution.