Kijun Sen

Kijun Sen is one of the most important lines of the ichimoku kinko hyo. Kijun Sen represents the average point of the last 26 periods. It is the average of the highest and lowest of the last 26 periods (last 26 candlesticks). The Kijun Sen forms steps. These landings are commonly called "Kijun flats". Kijun flats are important levels of support or resistance. Kijun Sen flats represent the 50% retracement level. Kijun Sen flat is equal to the 50% Fibonacci retracement level. In a trend phase (not in a range period) it is often relevant to consider buying or selling during pullbacks on the Kijun Sen.

Be the first to review this product

Manufacturer: nt8indicators

SKU: KIJUN

Vendor: nt8Indicators

$4.90

Qty:

On its own, Kijun-sen shows the midpoint price for the last 26 periods. Similar to a moving average, when the price is above the base line it indicates the price is above the midpoint and therefore short-term price momentum is up. This is further confirmed if the Kijun-sen line is angled upwards.

When the price is below the base line, and especially if Kijun-sen is angled downwards, that indicates price momentum is to the downside as the price is below the 26-period midpoint. While 26-periods is typically used for this calculation, this can be altered to suit individual preference. A smaller number of periods, such as 15, will track the price more closely. A larger number of periods, such as 45, will not track the price as closely.

Product tags

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonial Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.