OPEN-SOURCE SCRIPT
Mis à jour

Kijun-Sen Line

8 828
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!

Notes de version
>>>
Chg green to lime.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.