Kijunsen
Kijunsen, also called the base line, is one of the main lines in the Ichimoku Kinko Hyo technical indicator. It is calculated as the average of the highest high and the lowest low over the previous 26 periods: Kijunsen = (highest high + lowest low) / 2 for the last 26 candles.
The Kijunsen serves as a dynamic support and resistance level and as a gauge of medium-term trend.
Trading signals commonly associated with Kijunsen include the cross of Tenkan-sen (conversion line) and Kijunsen. A
Limitations of Kijunsen include its nature as a lagging indicator, due to the 26-period lookback, which can
See also: Ichimoku Kinko Hyo; Tenkan-sen; Senkou Span A; Senkou Span B; Chikou Span.