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Why We Use Kinjusen in All Our Trading Analysis

BSE:RELIANCE   RELIANCE INDUSTRIES LTD.
Note : We Never Use Any Default Setting if Indicator..... Dont Use Default Settings Ichimoku (9,26,52) & RSI 14



Why We Use Kinjusen in All Our Trading Analysis - We Use Mostly RSI & KINJUSEN

Reasons::

Why KijunSen Is Superior to the Moving Average"

Let’s begin with the formula, since Kijun Sen measures the past Our Given periods:

Kijun Sen = (Highest High + Lowest Low) / 2 for the past Our Given periods

By taking the median of price extremes, Kijun Sen reflects the equilibrium, or 50% retracement of prices, taking volatility into account. A flat horizontal Kijun Sen means that price extremes have not changed, and the market is consolidating.

Prices tend to gravitate towards this equilibrium, as indicated by the blue circles in the above chart. Once a strong trend is identified, retracements toward the Kijun Sen serve as more conservative entry points.

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