MT5 Ichimoku with Kijun-Sen Candles, Scanner, Alerts or Oscillator

MT5 Ichimoku with Kijun-Sen Candles, Scanner, Alerts or Oscillator

by Specialist 🫡 -
Number of replies: 6

Ichimoku Cloud Indicator

Ichimoku Cloud Indicator for MT5

The Ichimoku Cloud Indicator uses two lines, typically the Senkou Span A and Senkou Span B, to provide insights into market trends and potential trading signals. When the Senkou Span A (the average of the Tenkan-sen and Kijun-sen) is above the Senkou Span B, it indicates a bullish trend. Conversely, when Senkou Span A falls below Senkou Span B, it suggests a bearish trend. Traders often use these color changes as signals to enter or exit positions, in conjunction with other signals from the Ichimoku components like the Tenkan-sen and Kijun-sen.

In reply to Specialist 🫡

Ichimoku Indicators for MT5

by Specialist 🫡 -

Ichimoku Oscillator

Ichimoku Oscillator for MT5

The Ichimoku Oscillator operates similarly to the MACD but specifically measures the difference between the key lines of the Ichimoku indicator, rather than between traditional moving averages. This oscillator specifically calculates the difference between the Tenkan-sen and Kijun-sen lines or other combinations of Ichimoku lines, providing insights into momentum and market direction. The input parameters for the Ichimoku Oscillator align with those of the Ichimoku indicator itself, allowing traders to customize settings such as the periods for Tenkan-sen and Kijun-sen. By monitoring the oscillator's movement, traders can identify bullish and bearish signals, trend strength, and potential reversals, enhancing their ability to make informed trading decisions.