In this video I am going to be sharing a super easy and simple Ichimoku trading strategy, that can help you catch market reversals.
The Ichimoku cloud indicator is a very powerfull tool that can help us in understanding the trends and momentum of the price. The problem is that it can be very overwhelming for new traders.
But, the truth is that if we can understand this indicator, we can reap massive rewards.
So in this video, I will go over what is the ichimoku indicator and I will also share a very simple strategy using it.
So first, what is the ichimoku cloud indicator.
The ichimoku cloud is a combination of different indicators that can help us in identifying support and resistance levels. We can also identify the trend and momentum of the market with Ichimoku.
To plot this indicator, go over to the indicators tab on the tradingview platform and just type in “Ichimoku Cloud”.
Select the first indicator that pops up. After that, your chart should look something like this.
The most important elements for us are, the ichimoku cloud, the conversion line and the base line.