Ichimoku Kinko Hyo
Goichi Hosoda · 1936
What it measures
A Japanese all-in-one indicator that tries to fit support, resistance, trend and timing onto a single chart with five lines. The band in the middle is called the cloud, and price above the cloud is read as strength.
How TickTurn reads it
Close above the cloud with the conversion line above the base line counts bullish; below the cloud with the conversion line beneath the base line counts bearish. Price inside the cloud means the balance has not settled, so it counts neutral.
That judgement is made on closed daily bars only; a bar still in progress is left out, because including it makes the same symbol change its answer within the day. On the result screen this indicator holds one vote out of 21.
It is not an answer on its own
If one indicator could call tomorrow, everyone would use only that one. TickTurn asks 21 of them together not because any single one is trusted, but to show plainly where they disagree. Even the combined score, measured against the right baseline, came out only a shade better than chance — the scoring is written up in how we tested.