Ichimoku wave
- Indicators
- Bardia Mohammadi
- Version: 1.121
Goichi Hosada (founder of Ichimoku) in his development of Ichimoku, spent 4.5yrs of his study just on number theory. He studied pretty much every Eastern and Western theory under the sun, and eventually settled upon 3 basis numbers that he not only made the basis of Ichimoku theory, but underlined all of reality.
NOTE: I have an interesting follow up story to tell about this so remind me to discuss it later.
The three numbers he made as the basis for Ichimoku were 9, 17 and 26.
So the idea that the reason why the Kijun was set to 26 periods had to do with the former 6 day Japanese trading week is false.
The kijun was set to this measurement, along with the tenkan – based on his findings.
What this means is, for those who are asking the question about should we adjust the settings since we are not working with a full trading week, or are trading an intraday time frame, is in effect answered. Regardless of the trading week or time frame, we are best served from an Ichimoku perspective keeping the original settings. So hopefully this puts that one to rest and the kabbash on all the alternative theories.
The 10 Numbers
Although there were 3 basic numbers which underlie the entire set of Ichimoku numbers, there were 10 in all. They are listed below;
9
17
26
*These three represent the basic or simple numbers
33
42
65
76
129
172
200-257
Now if you do a quick calculation, 9+17 = 26. 26+17 = 42+1. 33+9 = 42. 33×2 = 65+1. 42+33 = 76-1. 65×2 = 129+1. 129+42 = 172-1. So all these numbers are interrelated and all comprised of the basic numbers in some way.
There are names for these numbers like one section, two sections, one period, etc. which I will get into a later date, but the basic three names are;
one section (9)
two sections (17)
1 period (26)
So if you see me using this terminology in my future Ichimoku posts, you will know what I am talking about.
