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Kenko Trend Indicator mt5

5

For anyone studying forex charts, the aim is to identify trends, and spot reversals. If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose. But renko charting has a flaw; the trend is often broken by false reversals. So I developed my own version - the Kenko Trend Indicator.

The kenko trend indicator draws renko style trend following blocks over the chart using my improved step and ladder technique. It is a non-repainting indicator.


The technique is simple:

- kenko blocks are drawn only when a new candle opens

- the block size is drawn according to the number of pips set by the user

- the close price of the previous candle is used to determine whether a new block should be drawn; the wicks are ignored as they may give false signals

- kenko blocks are drawn over the candlestick chart


INSTRUMENTS

The kenko trend indicator works on all instruments.


TIMEFRAME

The kenko trend indicator works on all timeframes. I recommend the 1 hour (h1) timeframe (personal preference), but you can use any timeframe according to your trading rules and goals.


SETTINGS

Block size (in points) - size of the kenko block in points (or pipettes). Default = 200 (equivalent to 20 pips). You can increase or decrease it according to the volatility of the instrument you're studying, or the timeframe you're using. 

Number of history candles in use - number of candles to analyse when the indicator is launched. When you insert the indicator it will draw the kenko blocks over this number of candles on the chart. Then, as the market moves, more blocks will be drawn. Default = 1000. You can increase it to have more blocks in on the chart, or you can decrease it to save computer processing power and resources.


ADDITIONAL INFORMATION

- when you close and re-open your MetaTrader, or you lose your internet connection for a while and the market has moved, please remove and re-insert the indicator to update the blocks.

- an mt4 version is available; get it on my products page.

Avis 1
Stefan Constantinescu
785
Stefan Constantinescu 2023.02.22 00:22 
 

Very useful indicator. I used it in my scalping strategy combined with Heiken Ashi.

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Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all classic timeframes: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all classic timeframes 3. Search for patterns of all possible sizes. Fr
Trend Line Map Pro MT5
STE S.S.COMPANY
4.67 (9)
Indicateurs
Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indica
TrendDecoder Premium MT5
Christophe, Pa Trouillas
5 (1)
Indicateurs
Identifiez les ranges et les tendances fortes  |  Obtenez les premiers signaux   |    Obtenez des TP et des sorties   clairs   |    Repérer les niveaux Fibo que le prix va tester   |  Indicateur qui ne retrace pas, non retardé - idéal pour le trading manuel et automatisé - adapté à tous les actifs et à toutes les unités de temps - 50% discount   pour le lancement - puis retour à >>   149 $ Après votre achat,   contactez-moi sur ce canal  pour obtenir les réglages recommandés. Version MT4 :   cli
MetaBands M5
Vahidreza Heidar Gholami
4.67 (3)
Indicateurs
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
Blahtech Market Profile MT5
Blahtech Limited
5 (8)
Indicateurs
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
TPA True Price Action MT5 Indicator
InvestSoft
5 (10)
Indicateurs
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
IX Power MT5
Daniel Stein
5 (2)
Indicateurs
IX Power   apporte enfin la précision imbattable de FX Power aux symboles non-Forex. Il détermine avec précision l'intensité des tendances à court, moyen et long terme de vos indices, actions, matières premières, ETF et même crypto-monnaies préférés. Vous pouvez   analyser tout ce que   votre terminal a à offrir. Essayez-le et découvrez comment   votre timing s'améliore considérablement   lors de vos transactions. Caractéristiques principales d'IX Power Résultats de calcul précis à 100 %,
Golden Gate Algo MT5
James David Lane
4 (6)
Indicateurs
40% DE RÉDUCTION POUR NOËL ! AUGMENTATION DES PRIX À 250 $ LE 1er JANVIER ! Présentation de GoldenGate Entries : une solution de trading de pointe ! Découvrez une approche révolutionnaire du trading avec GoldenGate Entries (GGE), un indicateur avancé conçu pour améliorer votre expérience de trading. GGE offre un ensemble complet de fonctionnalités pour donner aux utilisateurs la précision et la confiance nécessaires dans leurs décisions de trading. Paires : Toutes (FX - Matières premières
ICT Silver Bullet MT5
Haidar, Lionel Haj Ali
5 (19)
Indicateurs
ICT Silver Bullet If you are searching for a reliable indicator to trade the ICT Silver Bullet concept, or ICT concepts, Smart Money Concepts, or SMC, this indicator will respond to your need!  Before version 2.2, this indicator was focused only on ICT Silver Bullet, but moving forward, we will include the different elements for smart money concept trading. This indicator will help you identify the following: FVG - fair value gaps Market structure: BOS and CHOCH. It is based on ZIGZAG as it is
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Kenko Trend Indicator mt4
Felix Kenechi Onodu
Indicateurs
For anyone studying forex charts, the aim is to identify trends, and spot reversals. If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose. But   renko charting has a flaw; the trend is often broken by false reversals. So I developed my own version - the Kenko Trend Indicator. The kenko trend indicator draws renko style trend following blo
Kenko Trend Trader mt4
Felix Kenechi Onodu
Experts
This is the EA version of the Kenko Trend Indicator mt4. It follows the trend on all instruments and trading pairs according to   my improved step and ladder technique. INTRODUCTION For anyone studying forex charts, the aim is to identify trends, and spot reversals.   If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose.   But   renko c
Range Break Index EA
Felix Kenechi Onodu
Experts
Cet EA négocie les indices de rupture de gamme de deriv.com sur mt5 Il scalpe le marché après chaque pic, prenant chaque ordre avec des niveaux de stop loss et de take profit. Il dispose également en option d'un ajustement automatique intelligent de la taille du lot en cas de pertes. INSTRUMENTS Indices Range Break 100 et Range Break 200 de deriv.com PLAGE DE TEMPS m1 (délai d'une minute) recommandé LES PARAMÈTRES Stop loss en points : taille du stop loss en points. Pa
Trendy Boom and Crash Trader
Felix Kenechi Onodu
3 (1)
Experts
INTRODUCTION Conçu pour échanger les indices de boom et de crash de deriv.com sur mt5, Trendy EA est un scalpeur cohérent. Il utilise une ou deux moyennes mobiles pour déterminer la tendance, puis l'oscillateur génial est utilisé pour identifier les points d'entrée. Toutes les analyses sont effectuées sur la période d'une minute et chaque position est ouverte avec des niveaux de stop loss et de take profit. CARACTÉRISTIQUES Configuration rapide à l'aide des modes de trading Négoci
Kenko Trend Trader
Felix Kenechi Onodu
Experts
This is the EA version of the Kenko Trend Indicator mt5. It follows the trend on all instruments and trading pairs according to my improved step and ladder technique. INTRODUCTION For anyone studying forex charts, the aim is to identify trends, and spot reversals.   If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose.   But   renko cha
Filtrer:
Stefan Constantinescu
785
Stefan Constantinescu 2023.02.22 00:22 
 

Very useful indicator. I used it in my scalping strategy combined with Heiken Ashi.

Felix Kenechi Onodu
3211
Réponse du développeur Felix Kenechi Onodu 2023.02.23 00:42
Thank you
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