Using Tenkan and Kijun Lines with Price Action Color Fills

Summary

This document describes a chart indicator that displays the Ichimoku Tenkan Sen and Kijun Sen lines, their current price labels, and selectable color fills. Users can shade the area between price and either line, between the two lines, or show no fill. The display is intended to make price relationships easier to see when considering entries, trend continuation, exits, and re-entry.

The indicator’s periods default to 50 for Tenkan Sen and 100 for Kijun Sen, and users can change periods, line thickness, label placement, and visibility. The document explains that the two lines use the same calculation with different periods: setting both periods equal makes them overlap. It also describes a chart-based check of label accuracy using a horizontal price line. These are usage and visualization notes, not evidence that the indicator predicts returns or improves trading decisions. No entry rules, exit rules, backtest, or performance results are provided, so the trading value of the fills is left to the user to assess.

Key ideas

• The indicator plots Tenkan Sen and Kijun Sen with optional fills between either line and price, or between the two lines.
• Its default line periods are 50 and 100, and users can adjust them.
• The two lines share a calculation method, so equal periods make them overlap.
• Price labels can be hidden or repositioned, and their alignment can be checked against a chart price line.
• The document offers visualization guidance but provides no tested trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.