The Ichimoku Forex indicator for Metatrader 4 is a complete trading system that will help you to make informed buy/sell trading decisions.
The indicator appears as a trend cloud together with additional buy/sell trade entry lines in the main chart.
In essence, the trend is considered bullish when price is trading above the trend cloud while bearish below.
The Ichimoku trend indicator works for any trade style.
Buy & sell signal:
- Open a buy trade when price crosses above the Ichimoku trend cloud from below.
- Open a sell trade when price crosses below the Ichimoku trend cloud from above.
From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.
It can be used as a standalone technical indicator or it can be combined with other technical indicators and price action techniques.
Try first on a demo account until you fully understand how this indicator works!
Free Download
Download the Ichimoku.mq4 indicator file (MT4)
Indicator Chart Example
The picture above shows the indicator attached to the Euro / U.S. Dollar chart.
How to install the Ichimoku indicator to your Metatrader 4 platform?
- Download the Ichimoku.mq4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration
