Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator for MT4 - [TFlab]

The Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator is one of the advanced tools within the Ichimoku trading system in technical analysis.

This indicator combines Tenkan Sen and Kijun Sen in the form of a histogram, along with alerts and signal arrows, to detect trend direction and issue entry signals.

Tenkan Sen Kijun Sen Histogram Alerts Arrows Specifications Table

The specifications of the Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator are provided in the table below.

Indicator Overview

The Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator on MetaTrader 4 consists of three main components:

• Histogram: Shows the difference between Tenkan and Kijun lines, Green bars above zero and represent a bullish trend, Red bars below zero indicate a bearish trend

• Arrows: Green arrows indicate buy signals, Red arrows indicate sell signals
• Alerts:Triggered during trend changes or upon issuance of valid signals

Uptrend Conditions

The chart below displays the GBP/USD currency pair in the 1-minute timeframe. In this Trading tool, when the Tenkan Sen line crosses above the Kijun Sen, it signals the beginning of an uptrend. At the same time, histogram bars shift from negative to positive, confirming the market reversal.

Simultaneously, a green arrow appears below the candle, providing a clear buy signal.

Downtrend Conditions

The chart below shows the Gold Spot Index (XAU/USD) in the 4-hour timeframe.

A drop in histogram bars from positive to negative territory, combined with the appearance of a red arrow above the candle and a simultaneous alert, confirms a valid sell signal, indicating the start of a bearish trend.

Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator Settings

The settings panel of the Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator is shown below:

• Tenkan Period: Period for Tenkan Sen;
• Kijun Period: Period for Kijun Sen;
• Alerts ON: Enable alerts;
• Alert on Current: Alert based on the current candle;
• Message Alert: Show alert as text message;
• Sound Alert: Play sound on alert;
• Email Alert: Send alert via email
• Sound File: Choose the alert sound file.

Conclusion

The Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator is an analytical tool based on the Ichimoku system. It identifies trend shifts and generates buy/sell signals by analyzing the relative positioning of the Tenkan Sen and Kijun Sen lines, visualized in a histogram format.