KAGI 1 Indicator for MetaTrader 5 – Free – [TradingFinder]

The KAGI 1 Indicator is designed based on the Kagi chart structure for the MetaTrader 5 platform.

Unlike time-based charts, the Kagi chart only changes shape when the price fluctuates by a defined amount.

This trading tool is used to identify significant market trends, price reversal points, and potential entry or exit zones for trades.

KAGI 1 Indicator Table

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

Indicator Overview

The KAGI 1 Indicator uses a colored line to display trend direction and market changes on the oscillator chart.

Color changes help define optimal zones for buy or sell trades as follows:

• Dark blue: Indicates buying pressure and the formation of a bullish trend;
• Light blue: Reflects increasing selling pressure and the beginning of a bearish trend.

Uptrend Condition

On the 1-hour chart of the Ripple (XRP/USD) cryptocurrency, a color change in the KAGI 1 oscillator line from light blue to dark blue signals a potential shift in market conditions.

If this color shift coincides with the line curving upward, it can be interpreted as a sign of a strengthening uptrend.

Downtrend Condition

The chart below displays the NZD/USD currency pair in a 4-hour timeframe. If the oscillator line changes from dark blue to light blue and the oscillator slope aligns with the price trend, this setup reflects selling pressure and confirms the strengthening of a bearish trend.

KAGI 1 Indicator Settings

The image below shows the settings section of the KAGI 1 Indicator:

• Percent: Percentage of change;
• Porog: Change threshold;
• Size: Show Size;
• Color1: Uptrend color;
• Color2: Downtrend color.

Conclusion

The KAGI 1 Indicator (KAGI 1) serves as a tool for market trend analysis and price reversal identification, utilizing color transitions.

In this technical analysis, Dark blue represents an uptrend, Light blue indicates a downtrend.

This distinction provides clear visual cues for market direction and entry zones for trades.