Ichimoku With Alerts
Ichimoku Indicator with alerts MT5 Free Download
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KT Ichimoku plot the arrows and provide alerts based on 4 trading strategies based on Ichimoku Kinko Hyo indicator. The generated signals can be filtered by other Ichimoku elements.
Four Strategies based on the Ichimoku Indicator
1. Tenkan-Kijun Cross
- Buy Arrow: When Tenkan-Sen cross above the Kijun-Sen.
- Sell Arrow: When Tenkan-Sen cross below the Kijun-Sen.
2. Kumo Cloud Breakout
- Buy Arrow: When price close above the Kumo cloud.
- Sell Arrow: When price close below the Kumo cloud.
3. Chikou-Sen Breakout
- Buy Arrow: When Chikou-Sen breaks above the last 26 period price range.
- Sell Arrow: When Chikou-Sen breaks below the last 26 period price range.
4. Kumo Cloud Future Twist
- Buy Alert: When the future Kumo Cloud turns bullish.
- Sell Alert: When the future Kumo cloud turns bearish.
- History Bars: Set the value of max. bars to consider for indicator calculation.
- ----- Set Ichimoku Parameters -----
- Set the value for Tenkan-sen, Kijun-sen and Senkou Span
- ----- Turn ON/OFF the Ichimoku Signals -----
- Tenkan-Kijun Cross: Off | Without cloud confirmation | With cloud confirmation
- Kumo Cloud Breakout: Off | Without Tenkan-Kijun confirmation | With Tenkan-Kijun confirmation
- Chikou-sen Breakout: Off | Without cloud confirmation | With cloud confirmation
- Kumo Cloud Future Twist: true/false (alert only)
- Rest of the inputs are self explanatory.
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Great indicator, works really smoothly and accurate. Free too!
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