Ichimuko Kinko Hyo System Indicator for MT5 – Free Download [TradingFinder]

The Ichimoku Kinko Hyo System Indicator in MetaTrader 5 acts as a comprehensive trading system, accurately defining entry and exit conditions.
This trading tool displays buy and sell signals based on the classic Ichimoku version in the form of a panel on the price chart. It also distinguishes their intensity into three levels: weak, average, and strong.

Ichimuko Kinko Hyo System Indicator Table

The table below shows the main features of the Ichimoku Kinko Hyo System Indicator.

Ichimuko Kinko Hyo System Indicator at a Glance

The Ichimoku Kinko Hyo System Indicator is displayed as a dedicated panel on the right side of the chart, providing a structured overview of the analytical components:

• PA: Position of price movement relative to Ichimoku lines
• P/KS: Price status relative to the Kijun-sen line
• TS/KS: Recording the crossover between Tenkan-sen and Kijun-sen
• CS: Position of Chikou Span relative to historical candles
• Signal Strengths: Output classification into three levels: Weak, Average, and Strong
• Support and Resistance Levels: Identification of key zones based on Kumo and main lines
• Horizontal and Vertical Lines: Determining entry zones for trade positions

Indicator in Uptrend

The price chart below shows the New Zealand Dollar Index against the Japanese Yen (NZD/JPY) on the 4-hour timeframe.
When the Ichimoku Kinko Hyo System Indicator generates a bullish signal, it draws a horizontal line and a vertical line on the chart to define the entry level and entry time.
In this situation, the trader opens a buy position and sets the stop-loss slightly below the last swing low.

Indicator in Downtrend

The price chart below shows the British Pound Index against the Swiss Franc (GBP/CHF) on the 4-hour timeframe.
When the bearish signal is activated, the indicator displays reference lines on the chart to specify the entry price level and the exact trade timing.
This condition provides a suitable area for entering sell trades.

Ichimuko Kinko Hyo System Indicator Settings

The image below shows the settings panel of the Ichimoku 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 5 acts as a complete trading system, providing buy and sell signals along with support and resistance levels and Ichimoku components.
By classifying signal strengths into three levels (weak, average, strong) and displaying a comprehensive information panel, this tool enables fast and precise analysis of market conditions.