Kijun-Sen
A component of the Ichimoku Kinko Hyo indicator that is primarily used to measure medium-term momentum. This line is calculated by using the following formula:
The formula that is used to create the Kijun-Sen is nearly identical to the formula used to create the Tenkan-Sen except the number of time periods used in the calculation is increased to better gauge longer-term momentum. Investopedia Says:
The Kijun-sen is generally used in combination with the Tenkan-sen to create predications of future momentum. A buy signal is created when the Tenkan-sen line moves above the Kijun-sen, while a sell signal is created when the Tenkan-sen line moves below the Kijun-sen line. The Kijun-Sen is often regarded as the trigger line for traders who use the Ichimoku method. Related Terms:
Chikou Span
Crossover
Ichimoku Kinko Hyo
Momentum
Senkou Span A
Senkou Span B
Support
Sushi Roll
Tenkan-Sen |