Kijun-sen (Base Line)

Kijun-sen, also known as the Base Line, is a technical indicator used in the field of financial analysis. It is used to identify the current trend of a security or index and to help traders make decisions about when to enter or exit a position. The Kijun-sen is calculated by taking the highest high and the lowest low of the past 26 periods and then dividing the difference by two. The result is then plotted on a chart and used as a reference point for traders to make decisions.

History of Kijun-sen

Kijun-sen was developed by Goichi Hosoda, a Japanese journalist and financial analyst, in the late 1960s. Hosoda was a pioneer in the field of technical analysis and developed the Kijun-sen as a way to identify the current trend of a security or index. The Kijun-sen is based on the idea that the current trend of a security or index is determined by the highest high and the lowest low of the past 26 periods. By taking the difference between these two points and dividing it by two, Hosoda was able to create a reference point that traders could use to make decisions.

Comparison Table

Summary

Kijun-sen, also known as the Base Line, is a technical indicator used in the field of financial analysis. It was developed by Goichi Hosoda in the late 1960s and is based on the idea that the current trend of a security or index is determined by the highest high and the lowest low of the past 26 periods. By taking the difference between these two points and dividing it by two, Hosoda was able to create a reference point that traders could use to make decisions. For more information about Kijun-sen, traders can visit websites such as Investopedia, TradingView, and StockCharts.

See Also

• Moving Average Convergence Divergence (MACD)
• Relative Strength Index (RSI)
• Bollinger Bands
• Stochastic Oscillator
• On Balance Volume (OBV)
• Average Directional Index (ADX)
• Parabolic SAR
• Fibonacci Retracement
• Price Channel
• Ichimoku Cloud

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