KAGI 1 Indicator for MetaTrader 4 – Free – [TradingFinder]

The KAGI 1 Indicator is designed based on the Kagi Chart structure and operates on the MetaTrader 4 platform, presenting a non-time-based chart.

Unlike traditional charts, the Kagi chart changes shape only when the price moves by a specific amount. This trading tool accurately identifies significant trends, price reversals, and optimal entry and exit points.

KAGI 1 Indicator Table

The general specifications of the KAGI 1 Indicator are provided in the table below.

Indicator Overview

The KAGI 1 Indicator utilizes a colored line to represent changes in market trends on the chart.

Dark blue indicates buyer dominance and an uptrend, while light blue reflects seller strength and a downtrend. These color shifts define the direction and momentum of the price movement.

Uptrend Condition

On the 15-minute chart of the EUR/JPY pair, the KAGI 1 line changes from light blue to dark blue, indicating a trend direction reversal.

This change may signal a strengthening bullish trend and provide a suitable entry opportunity for buying.

Downtrend Condition

The chart below illustrates the Bitcoin Index (BTC/USD) in a 5-minute timeframe. The indicator line changes from dark blue to light blue while the oscillator simultaneously forms a lower low, aligning with the price trend.

This behavior signals a strengthening bearish trend, offering an optimal sell opportunity.

KAGI 1 Indicator Settings

The settings panel of the KAGI 1 Indicator is shown in the image below:

• Percent: Percentage of change;
• Porog: Change threshold;
• Size: Size;
• Color1: Uptrend color;
• Color 2: Downtrend color.

Conclusion

The KAGI 1 Indicator on MetaTrader 4 provides a visual tool for trend analysis and market reversal identification through color changes.

In this technical analysis oscillator, dark blue indicates an uptrend, and light blue represents a downtrend.

This clear color differentiation offers a valuable perspective for identifying the market direction and entry zones for both buy and sell trades.