I thought it was about time for another blog post, and this time I have decided to take a look at the “Ichimoku Kinko Hyo” trading strategy, or just “Ichimoku” strategy for short. The Ichimoku system is a Japanese charting and technical analysis method and was published in 1969 by a reporter in Japan.
I thought I would spend this post on the creation of the indicator elements themselves, along with a couple of plotting examples usikng both Matplotlib and then Plotly.
So the Ichimoku “set up” is a technical indicator that is used to gauge momentum, along with future areas of support and resistance and consists of five main components.