FTB-C000379 / Indicator

Ichimoku Base Line

Ichimoku Base Line is the midpoint of the highest high and lowest low over the declared medium Ichimoku window.

Also known asKijun-senKijun

Intermediate Formula defined 1 linked topicPublished

Definitions

In plain terms

With a common default it uses 26 periods and is calculated at the current observation.

Technical

The contract freezes period, field basis, current-bar inclusion, readiness, finalized bars, and missing values.

Scope

It is a range midpoint and not an EMA or SMA of closes.

Formula

Base line = (rolling highest high + rolling lowest low) / 2
LaTeX: Kijun_t=\frac{HH_{medium,t}+LL_{medium,t}}{2}
SymbolMeaningUnit
HH_mediumhighest high in medium windowprice
LL_mediumlowest low in medium windowprice

Output unit: price

Examples

  • A governed lesson calculates or identifies Ichimoku Base Line only after its parameters, state, timing, and edge cases are declared.

Common misconceptions

  • It is a range midpoint and not an EMA or SMA of closes.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Tutorials planned

These catalogued topics use this concept, but their complete build has not shipped yet.

  • D07-F02-A06 Important

Evidence and governance

  1. Ichimoku Cloud TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, formula

    Limits: Default periods and plotting offsets are conventions; calculation origin must remain separate from display coordinate.

Reviewed by
fintech-builder-batch-007
Last reviewed
2026-07-27
Next review
2027-07-27
Record status
published
Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.