A term used to describe the middle point between the highest high and lowest low price of a given security, when using the ichimoku kinko hyo technical analysis system. It acts as the base line of candlestick charts produced by this system and displays as a moving average line going back 26 time periods. This is used with the tenkan line (which goes back 9 time periods) as an indicator of bullish or bearish signals. When the tenkan line crosses and moves above the kijun line, this is considered a bullish signal. Also called kijun-sen.
Related information about kijun line:
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