OPEN-SOURCE SCRIPT

Kijun Strength Index (Open Source)

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Kijun Strength Index (KSI)
The Kijun Strength Index (KSI) is an innovative technical indicator that combines the power of the Ichimoku Kijun Sen with the versatility of oscillator-based strength measurements. This unique tool offers traders a fresh perspective on market dynamics, helping to identify trends, potential reversals, and market strength.

Key Features:

Multi-Kijun Approach: Utilizes multiple Kijun Sen periods for a comprehensive market view

Strength Quantification: Converts Kijun Sen dynamics into an easy-to-read oscillator

Volatility-Aware: Incorporates price volatility for more nuanced signals

Momentum Integration: Includes a momentum component for trend confirmation

Benefits:

Enhanced Trend Identification: Spot emerging trends early and gauge their strength

Market Strength Analysis: Assess the underlying strength of price movements

Versatile Application: Suitable for various trading styles and multiple asset classes

Remember, while KSI offers advanced features, it should be used in conjunction with other technical analysis tools and fundamental research for best results.

Feel free to reach out with any questions or feedback!

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