OPEN-SOURCE SCRIPT
Tenkan-Sen & Kijun-Sen - Mensual
This TradingView script calculates and plots the Tenkan-Sen and Kijun-Sen lines on the monthly timeframe, based on the Ichimoku Kinko Hyo indicator.
Tenkan-Sen (red line): A fast-moving average based on the last 9 periods, used to identify short-term trend changes.
Kijun-Sen (blue line): A slower-moving average based on 26 periods, acting as a stronger support/resistance and a key trend reference.
How to Use in Trading
✅ If the price is above both Kijun-Sen and Tenkan-Sen, the market is considered bullish.
✅ If the price bounces off Kijun-Sen or Tenkan-Sen, it may signal a continuation of the trend.
⚠ If the price breaks below Kijun-Sen, it could indicate a potential trend reversal.
This script helps traders visualize key dynamic support and resistance levels on monthly charts, making informed trading decisions easier. 📈🔥
Tenkan-Sen (red line): A fast-moving average based on the last 9 periods, used to identify short-term trend changes.
Kijun-Sen (blue line): A slower-moving average based on 26 periods, acting as a stronger support/resistance and a key trend reference.
How to Use in Trading
✅ If the price is above both Kijun-Sen and Tenkan-Sen, the market is considered bullish.
✅ If the price bounces off Kijun-Sen or Tenkan-Sen, it may signal a continuation of the trend.
⚠ If the price breaks below Kijun-Sen, it could indicate a potential trend reversal.
This script helps traders visualize key dynamic support and resistance levels on monthly charts, making informed trading decisions easier. 📈🔥
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.