Developed by Japanese journalist Goichi Hosoda in the late 1930s, the Ichimoku Kinko Hyo is a technical analysis indicator. His moniker was Ichimoku Sanjin, which means "what a mountain man sees." It is believed he spent 30 years developing the technique before disclosing it to the public. Ichimoku, or simply Ichimoku, is the name given to it.
Traders can use the Ichimoku technical analysis indicator to view the overall balance on a price chart of an asset, allowing them to make decisions based on the bigger picture. Ichimoku Kinko Hyo is defined as a "one-glance equilibrium chart."