Market trend

Indicator

In this post, we will look at the last way to determine the timing of the trend change through the Ichigoku. 3range improvement/reversal is the point of trend change over the longest period that can be confirmed through the Ichimoku.

legging span = displacement-26(price)

conversion line = 0.5highestprice(9period)+0.5lowestprice(9period)

baseline = 0.5highestprice(26period)+0.5lowestprice(26period)

leadspan1 = displacement+26(0.5conversionline+0.5baseline)

leadspan2 = displacement+26(0.5conversionline+0.5baseline)

The 3rd range is the arrangement between leggingspan and price. In the case of leggingspan<price, it represents the inverse arrangement of the long-term trend, and in the case of leggingspan>price, it represents the normal arrangement. Since leggingspan=displacement-26(price), a long-term trend transition is confirmed by comparing the current price with the price at that point of displacement-26.

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