Tenkan Sen Kijun Sen MT4 Histogram Alert Arrow Indicator - [TFlab]

Tenkan Sen Kijun Sen Histogram Alert Arrow Indicator is one of the advanced tools in the Ichimoku trading system technical analysis .

This binary indicator combines Tenkan Sen and Kijun Sen in the form of a histogram, along with alert and signal arrows to detect trend direction and signal entry.

Tenkan Sen Kijun Sen Histogram Alert Arrow Specification Sheet

Tenkan Sen Kijun Sen Histogram Alert Arrow Indicator specifications are shown in the table below.

Indicator Overview

The Tenkan Sen Kijun Sen Histogram Alert Arrow indicator on MetaTrader 4 consists of three main parts:

• Histogram : Shows the difference between the Tenkan line and the Kijun line, with green bars above zero representing a bullish trend and red bars below zero representing a bearish trend.
• Arrows : Green arrows indicate a buy signal, red arrows indicate a sell signal
• Alerts : Triggered when the trend changes or when a valid signal is issued

Uptrend Conditions

The chart below shows the GBP/USD currency pair on the 1 minute time frame. In this trading tool , when the Tenkan Sen line crosses above the Kijun Sen, it marks the beginning of an uptrend.

At the same time, the histogram turned from negative to positive, confirming the market's reversal. At the same time, a green arrow appears below the candle, providing a clear buy signal.

downtrend conditions

The chart below shows the Gold Spot Index (XAU/USD) on the 4-hour time frame.

The drop in the histogram from the positive to the negative zone, coupled with the appearance of a red arrow above the candle and the simultaneous sound of an alert, confirms a valid sell signal and indicates the beginning of a bearish trend.

Tenkan Sen Kijun Sen Histogram Alert Arrow Indicator Settings

The settings panel for the Tenkan Sen Kijun Sen Histogram Alert Arrow Indicator looks like this:

• Tenkan Period : The period of Tenkan Sen;
• Kijun Period : Kijun Sen period;
• Alerts ON : Enable alerts;
• Alert on Current : Send an alert based on the current candle;
• Message Alert : Display alerts in the form of text messages;
• Sound Alert : Play a sound when alerting;
• Email Alert : Send alerts via email
• Sound File : Select the alarm sound file.

Conclusion

Tenkan Sen Kijun Sen Histogram Alert Arrow Indicator is an analysis tool based on the Ichimoku system.

It identifies trend shifts and generates buy/sell signals by analyzing the relative positions of the Tenkan Sen and Kijun Sen lines (visualized in a histogram format).