The ichimoku indicator is a technical analysis tool that combines several elements. It was developed by Tokyo columnist Goichi Hosoda in 1968 and is designed to give investors a real-time trend sentiment, momentum, and strength view. Designed to mimic human group dynamics, the Ichimoku system consists of three key elements: the Kumo (Cloud), the Leading Span A, and the Chikou Span. Each of these elements determines the strength or weakness of a trend. The Ichimoku Cloud, as the name implies, is the most commonly used of the three.