The Ichimoku Clouds is also known as Ichimoku Kinko Hyo. It is a versatile indicator which defines support and resistance. It also identifies trend direction, gauges momentum and provides trading signals, which is translated into “one look equilibrium chart” and chartists can identify the trend and look for potential signals within that trend. This technical indicator was actually developed by Goichi Hosoda, who was a journalist and published the concept in his book published in 1969. The Ichimoku Clouds tutorial is complicated to understand when viewed on the price chart, it is really a straightforward indicator that is very usable.