FTB-C000378 / Indicator

Ichimoku Conversion Line

Ichimoku Conversion Line is the midpoint of the highest high and lowest low over the declared short Ichimoku window.

Also known asTenkan-senTenkan

Intermediate Formula defined 1 linked topicPublished

Definitions

In plain terms

With a common default it uses nine 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, not an arithmetic average of closing prices.

Formula

Conversion line = (rolling highest high + rolling lowest low) / 2
LaTeX: Tenkan_t=\frac{HH_{short,t}+LL_{short,t}}{2}
SymbolMeaningUnit
HH_shorthighest high in short windowprice
LL_shortlowest low in short windowprice

Output unit: price

Examples

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

Common misconceptions

  • It is a range midpoint, not an arithmetic average of closing prices.

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.