Color Fill - Tenkan + Kijun: Also available for MT5
Color Fill (Color Histogram) enhances visual perception of price action assisting with decisions of trade entry, continuation, exit and trade re-entry on trend continuation.
This indicator draws
The below Color Fill options.
Color Fill options
Image: Color Fill - 3 of 1, 2, 3 or 4.
Check Chart on foreground - Chart Properties (press F8)
Parameters and Trading
Note: The Tenkan Sen and
Kijun Sen are the same indicator. The non programmer can prove this
by placing the Ichimoku Kinko Hyo Indicator (MT4 → Iinsert →
Indicators → Oscillatirs → Ichimoku Kink Hyo) on a H4 chart and
setting Tenkan Sen and Kijun Sen to periods 26 and 27 respectively.
The Tenkan Sen and Kinjun Sen are slightly apart. Now change both to
period 27. Both now overlay each other exactly. This is bought to the
user's attention in order to avoid miss understanding should the user
discover this while using the present Indicator.
Tenkan Sen and Kijun Sen Price Labels
Accuracy of Price Labels can be determined by drawing a horizontal line on the chart and setting the line Parameters - Value to the price indicated on a TS or KS Label. The horizontal line should align precisely with the end of the Tenkan Sen or Kijun Sen depending on Label chosen.
Inputs and Parameters
The indicator draws 2 Moving Averges with different color filling.Account Information
Adds account information to chart: Profit, Balance, Equity, Free Margin, Margin and Margin Level %. On chart click hide/show account information. Show Profit only option.