it was developed in the late 1930s by Goichi Hosoda (Hosoda Goichi), 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 is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves."
Ichimoku Kinko Hyo translates to "one glance equilibrium chart" or "instant look" at the balance chart and is sometimes referred to as "one glance cloud chart" based on the unique "clouds" that feature in ichimoku charting.
pretty technical stuff but if you watch enough youtube videos you'll get it..
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