Ichimoku Line Alert Indicator for MT4 Download – Free – [TradingFinder]

The Ichimoku Line Alert Indicator is a technical analysis tool that facilitates chart analysis using the Ichimoku system.

This trading tool generates automatic alerts when a crossover occurs between key Ichimoku lines or between prices and these lines, offering trading opportunities for traders.

Ichimoku Line Alert Indicator Specifications Table

The specifications of the Ichimoku Line Alert Indicator are as follows:

Ichimoku Line Alert Indicator at a Glance

By default, the Ichimoku Line Alert Indicator draws the Kijun line in blue. However, traders can enable other lines, such as Tenkan, Senkou, and Kumo, in the settings.

The trading strategy of this indicator is based on the standard rules of Ichimoku trading.

Bullish Conditions

According to the 30-minute chart analysis of Polkadot, the Ichimoku Kijun line is drawn in blue.

As shown in the image, the crossover of price with the Kijun line can be a suitable entry point for long trades.

Bearish Conditions

The 1-hour chart of the NZD/USD currency pair demonstrates how the Ichimoku Line Alert Indicator behaves in a bearish trend.

As seen in the image, the crossover of the Kijun line with price marks a suitable entry point for short trades.

Ichimoku Line Alert Indicator Settings

The settings of the Ichimoku Line Alert Indicator are as follows:

• Tenkan: Tenkan line calculation period
• Kijun: Kijun line calculation period
• Senkou: Senkou line calculation period
• Alerts: Enable alert
• Message Alert: Enable alert message display
• Sound Alert: Enable sound alert
• Email Alert: Enable email alert
• Alert Type: Type of signal to trigger alerts
• Show Tenkan: Display Tenkan line
• Show Kijun: Display Kijun line
• Show Senkou: Display Senkou line
• Show Kumo: Display Kumo cloud

Conclusion

Using the Ichimoku Line Alert Indicator, traders can receive important signals without having to constantly monitor the charts.

This trading tool is especially useful and effective in highly volatile market conditions. It is compatible with all timeframes, but due to its trend-following nature, it performs better in longer-term timeframes.