Just want to share a Kijunsen line indicator. It is the part of Ichimoku system wich is used to confirm trend and as a Stop loss level.
Ichimoku also has other lines and usually it makes the chart hard to read.
more info about Ichimoku system:
Ichimoku Kinko Hyo - Oscillators - Technical Indicators - Technical Analysis
also view the youtube video which shows how to trail orders with kijun-sen line.
YouTube - LOCTrailing EA Kijunsen (part of Ichimoku) Trailing
hi lando! are you familiar with the ichimoku system because thie indicator you attached gives the line of the Kumo not the Kijunsen I believe. Still the concept the same but did you notice this?
Can you please explain about Kumo ? If I understand Ichimoku system right the Kumo is not the line but a cloud formed with 2 lines?
I'm looking for a Kijun Sen (i.e. base line) trailing stop EA. I found one that was coded for the older versions of MT4, but it doesn't work on the updated version (since build 600 if I recall correctly?) Can anyone help?