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Ichimoku wave Pro

FREE

Published: 16 September 2026

Current version: 4.20

Ichimoku wave Pro

Indicators
Bardia Mohammadi
Bardia Mohammadi
Türkiye

696
Version: 4.20
Updated: 16 September 2026

Ichimoku Wave Pro

OVERVIEW

Ichimoku Wave Pro is a MetaTrader 4 chart indicator for traders who want to study Ichimoku Wave, Price and Time Theory from one workspace.

The indicator automatically searches for bullish and bearish A-B-C wave setups, treats them as N-wave candidates, calculates the classical V, N, E and NT price projections, tracks confirmation beyond point B, and shows important Ichimoku time counts on the chart.

It also adds an interactive dashboard, optional Ichimoku confluence filters, higher-timeframe context, P/Y structure guides, draggable A/B/C points and optional alerts.

The indicator is an analytical tool. It does not open, modify or close trades.

MAIN FEATURES

- Automatic bullish and bearish A-B-C / N-wave candidate detection.

- Separate status for an N-wave candidate and a confirmed third leg.

- Classical Ichimoku price projections: V, N, E and NT.

- Optional higher-degree E projection.

- Target-hit tracking directly on the chart and dashboard.

- Kihon time numbers: 9, 17, 26, 33, 42, 65, 76, 129 and 172.

- Corresponding-time projections based on the measured A-B and B-C bar counts.

- Optional vertical time markers and live time-count information.

- P contraction and Y expansion structure guides based on recent swing geometry.

- Optional Kumo geometry filter.

- Optional Ichimoku confluence filter using Tenkan/Kijun, price versus Kumo and Chikou versus past price.

- Optional higher-timeframe Ichimoku context in the dashboard.

- B confirmation level and A invalidation level.

- Live active-leg line from point C to current price.

- Draggable A, B and C points for manual analysis.

- Optional snapping of dragged points to chart bars.

- AUTO and FROZEN/manual working modes.

- On-chart controls for mode, targets, time, structure, refresh and visibility.

- Optional alerts for a new wave, confirmation and target hits.

- Configurable panel position, size and chart colors.

PRICE PROJECTIONS

For the selected A-B-C structure the indicator calculates:

V = B + (B - C)

N = C + (B - A)

E = B + (B - A)

NT = C + (C - A)

These levels are analytical projections, not guaranteed future prices.

WAVE CONFIRMATION

An A-B-C structure is treated as a wave candidate. The third leg is considered confirmed when price closes beyond point B in the expected direction. You can choose whether the indicator displays candidates or only confirmed structures.

TIME THEORY

The indicator can project the selected Kihon time numbers from point A, B or C. It can also compare the elapsed bar count with the A-B and B-C durations and display corresponding-time markers.

Future vertical time positions are chart-time approximations. Weekends, trading sessions and broker history can affect the exact visual position of future markers.

INTERACTIVE CONTROLS

AUTO / FROZEN — switches between automatic wave scanning and manual frozen analysis.

TARGET — shows or hides price projections.

TIME — shows or hides Time Theory objects.

P/Y — shows or hides contraction/expansion structure guides.

REFRESH — returns to automatic detection and rescans the chart.

HIDE — hides or restores the analytical drawings.

IMPORTANT NOTES

- Swing detection is ZigZag-style. The newest developing pivot can change as new market data arrives.

- InpMinPivotAge can be used to avoid using the newest live pivot.

- Push notifications and email alerts require the corresponding MetaTrader 4 settings to be configured.

- The indicator is designed for discretionary analysis and does not provide a profit guarantee.

INPUT PARAMETERS

Swing and wave detection

InpDepth — Swing-search depth.

InpDeviation — Minimum deviation used by the swing engine.

InpBackstep — Minimum backstep between detected extrema.

InpMaxBars — Maximum number of bars processed during scanning.

InpDetectBullish — Enable bullish wave detection.

InpDetectBearish — Enable bearish wave detection.

InpRequireCloseBeyondB — Show only structures whose third leg has closed beyond B.

InpMinPivotAge — Minimum age of point C in closed bars. 0 allows the live pivot.

Kumo and Ichimoku settings

InpUseKumoFilter — Enable the legacy Kumo geometry filter.

InpTenkan — Tenkan-sen period.

InpKijun — Kijun-sen period and Ichimoku displacement.

InpSenkouB — Senkou Span B period.

InpKumoReference — Choose visible Kumo at the point or Kumo projected from the point.

InpRequireOppositeKumo — Require the expected Kumo orientation for the selected wave direction.

InpUseIchiConfluenceFilter — Enable the broader Ichimoku confluence filter at point C.

InpMinIchiConfluence — Minimum confluence score from 0 to 3.

InpUseHigherTFContext — Show higher-timeframe Ichimoku context in the dashboard.

InpHigherTF — Timeframe used for the higher-timeframe context.

Time Theory

InpShowTimeTheory — Enable Time Theory display.

InpTimeOrigin — Select A, B or C as the time-count origin.

InpMaxTimeNumber — Highest Kihon/corresponding count to display.

InpTimeTolerance — Allowed bar distance for a time-confluence message.

InpShowCorresponding — Show corresponding-time counts from A-B and B-C duration.

InpShowTimeVerticals — Draw vertical lines at projected time counts.

Display and behavior

InpAutoRefresh — Recalculate automatically on new bars.

InpShowTargets — Display V, N, E and NT price levels.

InpShowTargetPrices — Display numeric prices next to targets.

InpShowHigherDegreeE — Display an optional higher-degree E projection.

InpHigherDegreeMultiplier — Multiplier used for the higher-degree E projection.

InpShowStructure — Display P contraction or Y expansion guides when detected.

InpShowDecisionLevels — Display B confirmation and A invalidation levels.

InpShowActiveLeg — Draw the line from C to current price.

InpSnapHandlesToBars — Snap manually dragged A/B/C handles to chart bars.

InpShowLegacyScales — Show the legacy A-B, B-C and A-C visual rulers.

Notifications

InpAlertOnNewWave — Terminal alert when a new wave setup is detected.

InpAlertOnConfirmation — Terminal alert when the third leg is confirmed.

InpAlertOnTargetHit — Terminal alert when a projection level is reached.

InpPushNotifications — Send enabled alerts as MetaTrader push notifications.

InpEmailNotifications — Send enabled alerts by email.

Panel

InpPanelCorner — Chart corner used for the dashboard.

InpPanelX — Horizontal dashboard offset.

InpPanelY — Vertical dashboard offset.

InpPanelWidth — Dashboard width.

InpPanelHeight — Dashboard height.

Colors

InpBullWaveColor — Bullish wave color.

InpBearWaveColor — Bearish wave color.

InpTriangleColor — A-B-C structure color.

InpPointTextColor — A/B/C point-label color.

InpActiveLegColor — Active C-to-price leg color.

InpConfirmColor — Confirmation-level color.

InpInvalidColor — Invalidation-level color.

InpPWaveColor — P contraction color.

InpYWaveColor — Y expansion color.

InpTimeColor — Kihon time-marker color.

InpCorrespondColor — Corresponding-time marker color.

InpVColor — V target color.

InpNColor — N target color.

InpEColor — E target color.

InpNTColor — NT target color.

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Smart Price Action Concepts — MetaTrader 4 For product questions, setup guidance, or technical support, message me directly here on MQL5. Smart Money Concepts SMC Inner Circle Trading ICT Price Action PA and Institutional Trading IT Real time market structure and swing structure highs and lows ( HH HL LL LH ) Real time internal and swing supply and demand order blocks Premium Equilibrium and Discount Zones Automatic Fibonacci Detection with 2 Options (current swing or previous swing ) Equal hi

39 USD

Or (TDO) which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then the price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" give higher readings for ascending price movements than those given to descending ones. TDO fixes this problem to help traders at rea

60 USD

TREND LINES PRO helps understand where the market is truly changing direction. The indicator shows real trend reversals and points where major players re-enter. You see BOS lines Trend changes and key levels on higher timeframes — without complex settings or unnecessary noise. Signals don't repaint and remain on the chart after the bar closes. VERSION MT 5 - Reveals its maximum potential when paired with the RFI LEVELS PRO indicator What the indicator shows: Real shifts tren

111 USD

Trading Special – 30% OFF Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs plus one. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market plus Gold or 1 indices. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch

178 USD

Trading Special – 30% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the pot

98 USD

KT Parabolic RSI overlays Parabolic SAR directly on the RSI line to highlight likely market turning points. Classic RSI overbought and oversold readings already hint at reversals, and the added PSAR filter removes much of the noise and sharpens those signals, giving you clearer trade setups. Big Square Signals: A Parabolic SAR flip on an RSI that sits in overbought or oversold territory. These mark high-probability market turns. Small Square Signals: A SAR flip inside the neutral RSI band. Treat

60 USD

For all those traders interested or currently trading Ichimoku, you will not want to miss this article. Although I am heading out in a few hours with my girlfriend to Harbin Hot Springs, I wanted to write a brief introduction to Ichimoku Number Theory as there has been a lot of questions (and confusion) about Ichimoku settings, time frames, etc. The basis of Ichimoku as known to most is the 5 lines; Tenkan Line Kijun Line Senkou Span A (part of the Kumo) Senkou Span B (other part of the Kum

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Ichimoku wave Pro

Bardia Mohammadi