They are charts that provides at-a-glance equilibrium prices for specified securities. Ichimoku translates from Japanese into English as "one look". This charting technique was created by a Japanese newspaper writer. It analyses the mid-points of historical highs and lows.
The idea
Trends can be determined by simply looking at where the current price is in relation to the cloud, which is in blue. If the price stays below the cloud then there is a downward trend, which of course is bearish. If the price is above the cloud, then there is an upward, bullish trend.
The advantage of this type of analysis is you are able to see support and resistance levels clearly without swapping between charts.
Good Trading
M005e & "M"
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