Kijun Sen Envelope

Category: trend, volatility

Calculates the Kijun-sen (midpoint of the highest high and lowest low over a lookback period) and applies symmetric envelope bands based on a fixed point deviation.

Formula

Mid = \frac{HighestHigh(n) + LowestLow(n)}{2} \\ Upper = Mid + (Deviation \times \text{_Point}) \\ Lower = Mid - (Deviation \times \text{_Point})

Inputs

• Kijun_Sen_Period (default: 100)
• Envelope_Deviation (default: 230)
• ShiftKijun (default: 0)

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