Hey fellow traders! Today, we're diving into the Kijun-Tenkan+ indicator, a tool that can help you sharpen your trading strategy.
What is Kijun-Tenkan+?
Much like its cousin, the Kijun-sen+ indicator, the Kijun-Tenkan+ draws both lines forward over a specified number of periods. You can set the periods and how far the lines extend into the future using the external parameters. This flexibility makes it a handy addition to your trading toolkit.
How I Use Kijun-Tenkan+
I often pair it with Silver-channels for a well-rounded approach. In a sideways market, you’ll notice that these lines tend to flatten out, simply because there aren’t any new periods to work with. This can be a great visual cue for when to hold off on trades.
Latest Version Update
By the way, make sure you’re using the latest version, which was updated on June 13, 2006. It fixed an issue with drawing lines forward, particularly on odd bars. Trust me, you want to keep your charts clean and accurate!
That’s a quick rundown on the Kijun-Tenkan+. If you haven't tried it yet, I highly recommend giving it a shot. Happy trading!
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