This is a crossover using two Kijun-Sen lines. Kijun-Sen is known from ichimoku cloud. This indicator can be used as a dual baseline, or as a crossover on different lengths.
It can change on the crossover or if the price is above/below the lines.
Use the crossover as signals for entering a trade in the long or short direction.
Parameters:
Parameter Default value Options Fast Kijun-Sen period 26 Any number of bars Slow Kijun-Sen period 10 Any number of bars Visual colour of moving average Change colour on Crossover Change colour on crossover
Change colour if price is above/below Kijun-Sen line(s)For crossover type trades:
When the fast Kijun-Sen crosses above the slow Kijun-Sen , look for buy entries. (Both MA should be green)
When the fast Kijun-Sen crosses below the slow Kijun-Sen , look for sell entries. (Both MA should be red)
For price above/below Kijun-Sens :
Look for change of color of the Kijun-Sen lines . Green for buy/long trades, and red for sell/short trades. Note that due to the nature of Kijun-Sen, it can cross the line quite rapid.
The indicator can also be used to show the current trend direction, by looking at the color of the both the Kijun-Sen lines.
