Ichimoku Kinko Hyo is a very interesting indicator.
Useful indeed for different time periods.
Works on most stocks and futures.
There are many threads here on futures.io (formerly BMT) - just type "Ichimoku"
into the search box.
To get some indepth information - follow this wiki link:
Focus more on your risk and trade management than on an indicator.
Ichimoku taught me that indicators don't matter, managing your risk and the trade does.
I would start out learning price action, market structure, orderflow, volume analysis over
any sort of indicator. Most novices gravitate towards the indicators though. I was
one of them. You'll learn lots of things either way. Good luck.
Strategy ≥ Money
The following 2 users say Thank You to Massive l for this post:
Well, not easy to answer that short question. Generally I can recommend you to learn Ichimoku like I can recommend you to learn price action. From my point of view they put well together. I personally do not regard Ichimoku as an single Indicator. For me it is more a kind of system. But I also have to point out, that I do not use it as an isolated system at the moment. I use it as an confirmation system for things I am expecting to happen out of a cycle or an EW perspective.
The following user says Thank You to Dogdancer for this post: