Ichimuko Kinko Hyo System Indicator for MT4 – Free Download [TradingFinder]

The Ichimoku Kinko Hyo System Indicator in MetaTrader 4 is a comprehensive trading system that provides traders with entry and exit signals.
This indicator presents buy and sell signals with different strengths (weak, average, and strong), based on the classic Ichimoku version, in the form of a panel on the price chart.

Ichimuko Kinko Hyo System Indicator Table

The general features of the Ichimuko Kinko Hyo System Indicator are presented in the table below.

Ichimuko Kinko Hyo System Indicator at a Glance

The Ichimuko Kinko Hyo System Indicator displays an information panel on the right side of the chart, summarizing the indicator components as follows:

• PA (Price Action): Position of price action relative to Ichimoku lines
• P/KS (Price vs Kijun Sen): Price position relative to Kijun-sen
• TS/KS (Tenkan Sen vs Kijun Sen): Tenkan-sen and Kijun-sen cross
• CS (Chikou Span): Position of Chikou Span relative to past candles
• Signal Strengths: Display of signals as Weak, Average, or Strong
• Nearby Support and Resistance Levels: Nearest support and resistance zones based on Kumo cloud and main lines
• Horizontal and Vertical Lines: Display of entry levels for trades

Indicator in Uptrend

The price chart below shows the US Dollar Index against the Canadian Dollar (USD/CAD) on the 15-minute timeframe.
When the indicator generates a bullish signal, it draws a horizontal and a vertical line on the chart to specify the entry price and entry time, respectively.
In this situation, the trader can enter a buy position and place the stop-loss below the last swing low.

Indicator in Downtrend

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

Ichimuko Kinko Hyo System Indicator Settings

The image below displays the settings panel of the Ichimuko Kinko Hyo System Indicator:

• TenkanSen: Tenkan-sen settings
• KijunSen: Kijun-sen settings
• SenkoSpan: Senko Span settings
• LotsForStrongSignal: Lot size for strong signals
• LotsForWeakSignal: Lot size for weak signals
• ScreenAlertForWeakSignals: On-screen alert for weak signals
• ScreenAlertForAverageSignals: On-screen alert for average signals
• ScreenAlertForStrongSignals: On-screen alert for strong signals
• EmailAlertForWeakSignals: Email alert for weak signals
• EmailAlertForAverageSignals: Email alert for average signals
• EmailAlertForStrongSignals: Email alert for strong signals
• TextOffsetFromRight: Text offset from the right
• TextOffsetFromTop: Text offset from the 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 in MetaTrader 4 is a comprehensive trading system that provides buy and sell signals, along with support and resistance levels, and Ichimoku analysis.
This trading tool, by displaying signal strengths (weak, average, strong) and an accurate information panel, enables fast analysis of market conditions.