GruntnoWay said:
Perhaps Updata will give us more information.
I don't think so as such. I think Updata are looking to make their money by getting subscribers to go and attend training courses to use tools like these.
I did have a look at the Investopedia site which has some good explanations of how the basic components work and can see that the Ichimoku chart can give a very comprehensive overview or any particular stock very quickly.
However, the devil is in the detail and I suspect that to learn how to pick out the finer combinations of factors that give Buy & Sell signals, you'd have to go and attend their next seminar.
As it is, Investopedia says:
Tenkan crosses Kijun from below, Strong Buy, Strong sell when opposite, signals above the Kumo
Tenkan crosses above Kijun from below Buy, Sell when opposite, signals within the Kumo
Tenkan crosses above Kijun from below, Weak Buy...Weak Sell when opposite, signals below the Kumo.
Strength is shown to be with Sellers if Chikou below current price and Buyers if opposite.
Suppoer and Resistance represented by Kumo.
Trends determined by looking where prices is in relation to Kumo. Below is downward, Above is upward.
I'm having a bit of a play with it to try and see how it all works.
Regards
N.