Ichimoku Cloud Indicator
The Ichimoku Cloud Indicator uses two lines, typically the Senkou Span A and Senkou Span B, to provide insights into market trends and potential trading signals. When the Senkou Span A (the average of the Tenkan-sen and Kijun-sen) is above the Senkou Span B, it indicates a bullish trend. Conversely, when Senkou Span A falls below Senkou Span B, it suggests a bearish trend. Traders often use these color changes as signals to enter or exit positions, in conjunction with other signals from the Ichimoku components like the Tenkan-sen and Kijun-sen.