Ichimoku Kinko Hyo MT4 System Indicators – Free Download [TradingFinder]

The Ichimoku Kinko Hyo System Indicator for MetaTrader 4 is a comprehensive trading system that provides traders with entry and exit signals.

The indicator is based on the classic indicator and presents the Ichimoku version of buy and sell signals of different strengths (weak, average and strong) in the form of a panel on the price chart.

Ichimoku Kinko Hyo system indicator table

The general characteristics of the Ichimoku Kinko Hyo system indicators are shown in the table below.

Ichimoku Kinko Hyo System Indicators List

The Ichimoku Kinko Hyo system indicator displays an information panel on the right side of the chart, and the indicator components are summarized below:

• PA (Price Action): The position of price action relative to the Ichimoku balance chart line
• P/KS (price vs Kijun Sen): price positioning relative to Kijun-sen
• TS/KS (Tenkan Sen vs Kijun Sen): The intersection of the Kankan line and the Jishun line
• CS (Chikou Span): Chikou Span’s position relative to past candles
• Signal Strengths: Display signals as weak, average or strong
• Nearby Support and Resistance Levels: Recent support and resistance areas based on Kumo cloud and main line
• Horizontal and vertical lines: show the entry level of the trade

Indicators are in an upward trend

The price chart below shows the USD/CAD index on the 15-minute time frame.
When the indicator generates a bullish signal, it draws a horizontal line and a vertical line on the chart, specifying the entry price and entry time respectively.
In this case, the trader can enter a buy position and place a stop loss below the last swing low.

Indicators are in a downward trend

The price chart below shows the US Dollar Index against the Swiss Franc (USD/CHF) on the 1 hour time frame.
When a bearish signal is activated, the indicator displays reference lines on the chart to determine entry price levels and exact trade timing.
This setup creates an area suitable for entering a sell trade.

Ichimoku Kinko Hyo System Indicator Settings

The image below shows the settings panel of the Ichimoku Kinko Hyo system indicator:

• TenkanSen: Turning line settings
• KijunSen: Kijun-sen settings
• SenkoSpan: Senko span settings
• Many strong signals: lots of strong signals
• LotsForWeakSignal: Lots for weak signals
• Weak signal screen alert: Weak signal screen alert
• Screen alert for average signals: Screen alert for average signals
• Strong signal screen alert: Strong signal screen alert
• Weak Signal Email Alert: Weak Signal Email Alert
• Average Signal Email Alert: Average Signal Email Alert
• Strong Signal Email Alerts: Strong Signal Email Alerts
• Text offset from right: Text offset from right
• TextOffsetFromTop: offset of text from top
• TextColor: text color selection
• BullishTextColor: Bullish text color
• BearishTextColor: Bearish text color
• FlatTextColor: Range text color
• PriceTextColor: Price text color

Conclusion

The Ichimoku Kinko Hyo System Indicator for MetaTrader 4 is a comprehensive trading system that provides buy and sell signals, as well as support and resistance levels , and Ichimoku Balance Sheet analysis.
This trading tool allows you to quickly analyze market conditions by displaying signal strength (weak, average, strong) and accurate information panels.