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Ichimoku (tenkan and kijun)

Two midpoints of recent highs and lows: a fast and a slow one.

Tenkan is the midpoint of the last 9 candles, kijun of the last 26. Tenkan above kijun means the short-term range sits higher than the longer one.

TradeXtool uses these two lines; the cloud itself is not included.

In TradeXtool

Entry: Ichimoku tenkan crosses above Ichimoku kijun.

Watch out

The default settings come from a six-day trading week decades ago; on crypto, which never closes, there is nothing special about 9 and 26.

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