OPEN-SOURCE SCRIPT
Kijun Strength Index (Open Source)
Kijun Strength Index (KSI)
The Kijun Strength Index (KSI) is an innovative technical indicator that combines the power of the Ichimoku Kijun Sen with the versatility of oscillator-based strength measurements. This unique tool offers traders a fresh perspective on market dynamics, helping to identify trends, potential reversals, and market strength.
Key Features:
Multi-Kijun Approach: Utilizes multiple Kijun Sen periods for a comprehensive market view
Strength Quantification: Converts Kijun Sen dynamics into an easy-to-read oscillator
Volatility-Aware: Incorporates price volatility for more nuanced signals
Momentum Integration: Includes a momentum component for trend confirmation
Benefits:
Enhanced Trend Identification: Spot emerging trends early and gauge their strength
Market Strength Analysis: Assess the underlying strength of price movements
Versatile Application: Suitable for various trading styles and multiple asset classes
Remember, while KSI offers advanced features, it should be used in conjunction with other technical analysis tools and fundamental research for best results.
Feel free to reach out with any questions or feedback!
The Kijun Strength Index (KSI) is an innovative technical indicator that combines the power of the Ichimoku Kijun Sen with the versatility of oscillator-based strength measurements. This unique tool offers traders a fresh perspective on market dynamics, helping to identify trends, potential reversals, and market strength.
Key Features:
Multi-Kijun Approach: Utilizes multiple Kijun Sen periods for a comprehensive market view
Strength Quantification: Converts Kijun Sen dynamics into an easy-to-read oscillator
Volatility-Aware: Incorporates price volatility for more nuanced signals
Momentum Integration: Includes a momentum component for trend confirmation
Benefits:
Enhanced Trend Identification: Spot emerging trends early and gauge their strength
Market Strength Analysis: Assess the underlying strength of price movements
Versatile Application: Suitable for various trading styles and multiple asset classes
Remember, while KSI offers advanced features, it should be used in conjunction with other technical analysis tools and fundamental research for best results.
Feel free to reach out with any questions or feedback!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.