It was developed in the late 1930s by Goichi Hosoda a Japanese journalist who used to be known as Ichimoku Sanjin, which can be translated as “what a man in the mountain sees”.

He spent 30 years perfecting the technique before releasing his findings to the general public in the late 1960s.

Ichimoku Kinko Hyo translates to “one glance cloud chart” based on the unique “clouds” that feature in ichimoku charting.