the hAnDbook of teChnICAl AnAlysIsTherefore,
Kijun‐sen = MF × 26 = 52
Tenkan‐sen = MF × 9 = 18
Therefore, the new lookback periods are 18 to 52 to 104. The ratio of the
lookback periods is preserved. Note that 18 to 52 to 104 can be reduced to 9 to
26 to 52 by dividing across the ratios by MF.
For setting it to Kijun‐sen (as the first harmonic cycle), we calculate it as
follows:
First find the multiplication factor, MF.
MF = (new cycle period/Kijun‐sen)
= 104/26
= 4
Therefore,
Senkou Span B = MF × 52 = 208
Tenkan‐sen = MF × 9 = 36
FIgure 16.26 Basic Ichimoku‐Based Price Patterns.
FIgure 16.27 Ichimoku‐Based Price Expansions for the V Pattern.