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Kijun-Sen Line

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The Kijun-Sen line is an indicator that helps to identify the trend; whether that's up or down.

When the line is...

Green - Market is in an uptrend
Red - Market is in a downtrend

Recommended settings: 20 - 37 (26 is best)

The Kijun-Sen line, otherwise known as Baseline is simply the middle price between the highest high & the lowest low over a given period of time.

Calculation: (Highest high + lowest low)/2 = Baseline (Kijun-Sen)

The Kijun-Sen line was developed by Japanese journalist, Goichi Hosoda in the late 1960s. It was part of an indicator called the Ichimoku Cloud, an entire trend-trading system developed by the journalist himself. In my opinion, the Kijun-Sen is the most important part of the system.

Special thanks to VP & his Nononsense Forex Youtube Channel!

Sürüm Notları
>>>
Chg green to lime.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.