Kijun-Sen with Alerts - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This indicator represents the Kijun-sen line of the Ichimoku indicator. Kijun-sen is the average of the highest and lowest prices over a specified period. When a candle on the chart crosses this line, it may indicate a change in trend. Therefore, the lines themselves are colored: by default, turquoise indicates an uptrend and orange indicates a downtrend.
The user can specify a custom period for calculating Kijun-sen lines.
Added the ability to send alerts when trends change or new bars are formed.
Attachment download
📎kijun-sen_alerts21o.mq5 (4.07 KB)
Source: MQL5 #16571
Kijun-Sen with Alert - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Recommendations
Kijun-Sen with Alert - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are Forex indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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