Kijun Line

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DEFINITION of 'Kijun Line'

The mid-point between the highest high and lowest low of a particular security. The kijun line, also called kijun-sen, is the base line used specifically in ichimoku kinko hyo (or ichimoku cloud) candlestick charts. It is one of two moving average lines displayed in the chart, and is a 26-period moving average. (The other line, tenkan-sen, is a nine-period moving average.)




INVESTOPEDIA EXPLAINS 'Kijun Line'

When reading ichimoku kinko hyo, investors should note that the kijun line lags behind the tenkan-sen, and trails price less sensitively because it covers a longer period of time. When tenkan-sen crosses and moves above the kijun line, this is generally considered a bullish signal.

RELATED TERMS
  1. Ichimoku Cloud

    A chart used in technical analysis that shows support and resistance, ...
  2. Ichimoku Kinko Hyo

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  3. Momentum

    The rate of acceleration of a security's price or volume. The ...
  4. Crossover

    The point on a stock chart when a security and an indicator intersect. ...
  5. Support (Support Level)

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  6. Tenkan-Sen

    The mid-point between the highest high and lowest low of a particular ...
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