7. How to use Ichimoku's Tenkan Sen and Kijun Sen
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- Опубликовано: 17 фев 2022
- In this video Eugenio explains what Tenkan Sen and Kijun Sen are and how these are used to determine momentum in the market and change in direction. Tenkan Sen and Kijun Sen are part of the Ichimoku Cloud indicator in Tradingview. Further videos covering Ichimoku will follow shortly.
DISCLAIMER
All my opinions are my own and do not constitute financial advice in any way whatsoever. Nothing published in my blogs, vlogs and screencasts constitute an investment recommendation, nor should any data or content published by me be relied upon for any investment activities.
I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Kijun Sen:
The Kijun-sen, or base line, is an indicator and important component of the Ichimoku Kinko Hyo method of technical analysis, which is also known as the Ichimoku cloud.
The Kijun-sen is the midpoint price of the last 26-periods, and therefore an indicator of short- to medium-term price momentum. The indicator aids in assessing the trend, and can also be useful for identifying trading opportunities when combined with the other components of the Ichimoku cloud.
Tenkan Sen
Tenkan-Sen, or Conversion Line, is the mid-point of the highest and lowest prices of an asset over the last nine periods. The Tenkan-Sen is part of a larger indicator called the Ichimoku Kinko Hyo, which shows potential support and resistance areas based on different timeframes. Ichimoku Kinko Hyo roughly means "one look equilibrium chart," and is commonly called the Ichimoku Cloud indicator.
Links you may find useful:
Tradingview cloud based charting software: tinyurl.com/fxfn6fdc
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Freetrade for trading stocks and shares: tinyurl.com/yfu8xmcp
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Thank you sir, love from far south of India
Your presentation helped a few things become clearer which I feel will help me pick up from my relatively rough start in the world of trading. Thank you.
Hi Susan, thank you for your kind comment!
this is a reliable indicator,but like you put it very intimidating.You present it very well and your illustration are simple to follow.Keep up your good work.
Thank you very much for your kind comment!
nice presentation Thanks
Thanks,
Thanks you, so much
Such a young channel with a very good and experience tutor keep it up I just subscribed to your channel
Thank you!
it is nice to see the daily chart but no trader will use it
explain this again with a 1 hour chart and look if it also works ..
I am a FX trader in Japan using the Ichimoku Kinko Hyo
This indicator is not just an indicator but a trading system existing out of 5 lines !!
Hi Henri. Thank you for your comment. This video is part of a series on Ichimoku Kinko Hyo and to explain it, I have covered the different lines in separate videos since for many Ichimoku looks quite daunting, not in the least for traders who haven't used Ichimoku before. The system (Ichimoku) can indeed be used on different timeframes. Different traders will use different timeframes. I like to view the day chart to establish the current trend in conjunction with the 4H chart. Day traders are likely to primarily use shorter timeframes such as 1H, 15M, 5M and even 1M. I am about to put new videos together in which I want to show how to use Ichimoku in its entirety to enable traders to differentiate between pulls-backs and trend changes. Please feel free to let me know of any specifics you'd like me to cover or any pointers that can benefit my subscribers.
Ci après une vidéo concernant l utilisation du tenkensen
ruclips.net/video/GDOea7gsSeo/видео.html
Merci pour votre visite. Malheureusement, je ne parle pas français, ce qui est dommage car votre vidéo semble certainement couvrir certains aspects intéressants de Tenkan Sen.