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What is the Tenkan-Sen? The Tenkan-Sen, often referred to as the Conversion Line, is a crucial component of the well-known Japanese technical analysis tool called the Ichimoku Kinko Hyo or simply “Ichimoku Cloud” indicator. Developed by Goichi Hosoda in 1969, this comprehensive indicator employs several lines and bands to illustrate
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Introduction to the Ichimoku Kinko Hyo Indicator The Ichimoku Kinko Hyo indicator, often referred to as simply “Ichimoku,” is an essential tool used by technical traders and investors for determining market trends and identifying potential support and resistance levels. Developed in Japan, Ichimoku translates to “one look” in Japanese, as
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