Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator for MT5 - [TFlab]

The Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator is part of the Ichimoku trading system on the MetaTrader 5 platform.

This technical analysis tool uses the Tenkan Sen and Kijun Sen lines in the form of a histogram, along with automated alerts and signal arrows, to detect trend reversals and then display potential trade entry points on the chart.

Tenkan Sen Kijun Sen Histogram Alerts Arrows Specifications Table

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

Indicator Overview

The Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator in MetaTrader 5 consists of the following three main components:

• Histogram: Displays the difference between Tenkan Sen and Kijun Sen lines, Green bars above the zero axis indicate bullish trend strength, Red bars below the zero axis indicate bearish trend strength

• Signal Arrows: These arrows indicate entry points, Green arrow/Buy Signal, Red arrow/Sell Signal
• Alerts: Trend changes and entry points are displayed via sound and visual alerts

Uptrend Conditions

The image below shows the USD/CAD currency pair on the 30-minute chart. In this example, histogram bars crossing from negative to positive territory signal a trend reversal to the upside.

At the same time, the green arrow displayed in the oscillator confirms a valid entry signal for Buy positions.

Downtrend Conditions

In the image of the Crude Oil index in the 4-hour timeframe, the appearance of a red arrow above the oscillator, along with a triggered alert, confirms a valid Sell signal.

This setup marks the beginning of a downtrend and offers a suitable entry opportunity for short positions.

Indicator Settings Panel

The settings panel for the Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator in MetaTrader 5 is shown below:

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

Conclusion

The Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator is a trading tool based on the Ichimoku system.

It identifies trend direction changes by analyzing the relative positions of Tenkan Sen and Kijun Sen, displayed as a histogram. The indicator generates precise buy/sell signals through arrows and alert activation.