Kijun-Sen Line
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!
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!
Release Notes:
>>>
Chg green to lime.
Chg green to lime.