Ichimoku Kinko Hyo MT5 System Indicators – Free Download [TradingFinder]

The Ichimoku Kinko Hyo system indicator in MetaTrader 5 acts as a comprehensive trading system, accurately defining entry and exit conditions.

This trading tool displays buy and sell signals based on the classic Ichimoku version in the form of panels on a price chart. It also divides their strength into three levels: weak, average, and strong.

Ichimoku Kinko Hyo system indicator table

The table below shows the main features of the Ichimoku Kinko Hyo system indicator.

Ichimoku Kinko Hyo System Indicators List

Ichimoku Kinko Hyo system indicators are displayed as a dedicated panel on the right side of the chart, providing a structured overview of the analysis components:

• PA: The position of the price change relative to the line of the Ichimoku Balance Sheet
• P/KS: Price status relative to Kijun-sen line
• TS/KS: Record the intersection of Zhuanguan line and Jishun line
• CS: Chikou Span relative to historical candles
• Signal Strengths: Output is divided into three levels: weak, average and strong
• Support and Resistance Levels: Key Area Identification Based on Clouds and Main Lines
• Horizontal and vertical lines: determine the entry area for a trading position

Indicators are in an upward trend

The price chart below shows the New Zealand Dollar/JPY (NZD/JPY) Index on the 4-hour time frame.
When the Ichimoku Kinko Hyo System Indicator generates a bullish signal, it draws a horizontal line and a vertical line on the chart to define the entry level and entry time.
In this case, the trader opens a buy position and sets the stop loss just below the last swing low.

Indicators are in a downward trend

The price chart below shows the GBP/CHF Index on the 4-hour time frame.
When a bearish signal is activated, the indicator displays reference lines on the chart to specify entry price levels and exact trade timing.
This situation provides a suitable area to enter 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 setting: 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 5 acts as a complete trading system, providing buy and sell signals as well as support and resistance levels and Ichimoku components.
By classifying signal strength into three levels (weak, average, strong) and displaying a comprehensive panel of information, this tool allows for quick and precise analysis of market conditions.