Tenkan Sen Kijun Sen MT5 Histogram Alert Arrow Indicator - [TFlab]

The Tenkan Sen Kijun Sen Histogram Alert Arrow indicator is part of the Ichimoku trading system on the MetaTrader 5 platform.

This technical analysis tool uses Tenkan Sen and Kijun Sen lines in the form of a histogram and automatic alerts and signal arrows to detect trend reversals and then displays potential trade entry points on the chart.

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 in MetaTrader 5 consists of the following three main components:

• Histogram : Shows the difference between the Tenkan Sen and Kijun Sen lines, the green bar above the zero axis indicates bullish trend strength and the red bar below the zero axis indicates bearish trend strength
• Signal Arrows : These arrows indicate entry points, green arrows/buy signal, red arrows/sell signal
• Alerts : Trend changes and entry points are displayed via audible and visual alerts
• Uptrend Conditions

The chart below shows the 30-minute chart of the USD/CAD currency pair. In this example, the histogram bar crossing from negative to positive territory indicates a trend reversal to the upside.

At the same time, the green arrow displayed in the oscillator confirms a valid entry signal for the buy position.

downtrend conditions

In the crude oil index image on the 4-hour time frame, the appearance of a red arrow above the oscillator along with the triggered alert confirms a valid sell signal.

This setup marks the beginning of a downtrend and provides a suitable entry opportunity for short positions.

Indicator settings panel

The settings panel of the Tenkan Sen Kijun Sen Histogram Alert Arrow indicator in MetaTrader 5 looks like this:

• Tenkan Period : Tenkan Sen period
• Kijun Period : Kijun Sen period
• Alerts ON : Enable alerts
• Alert on Current : trigger an alert based on the current candle
• Message Alert : Display alerts as text messages
• Sound Alert : Trigger a sound alert
• Email Alert : Send alerts via email
• Sound File : Select the audio file for the alarm

Conclusion

Tenkan Sen Kijun Sen Histogram Alert Arrow indicator is a trading tool based on the Ichimoku balance table system.

It identifies changes in trend direction by analyzing the relative positions of Tenkan Sen and Kijun Sen (displayed as a histogram).

Binary indicator generates precise buy/sell signals with arrows and alert activation.