Expert opinion. The indicator has 5 lines:
- Tenkan-sen (the fastest one)
- Kijun-sen (slow)
- Chikou (the line that is 26 periods behind the current price)
- Senkou Span A (one line of the cloud)
- Senkou Span B (the other line of the cloud)
Expert opinion. When the Tenkan or Kijun lines are horizontal, they can be used as support and resistance levels. And you can work in the opposite direction from these lines.
Expert opinion. If the Chikou line crosses the price chart, after the crossovers of Tenkan and Kijun - this strengthens the trading signal.