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Ichimoku MTF analyzer

This is a multi-timeframe Ichimoku Kinko Hyo signal analyzer indicator. As you know, Ichimoku consists of 5 lines (Tenkan-sen, Kijun-sen, Chikou Span, Senkou Span A & B which create the Kumo Cloud).

Ichimoku is a simple indicator like Moving Average, but the method they use makes it a very good tool in detecting market conditions and trend with which you can open trades in the best location and stay in the trade till the most profitable price.

As this indicator has lots of lines and we should consider many factors when using it, I have written this indicator to analyze all those required conditions and give the signals for all timeframes at a glance.

Also there is a signal counter which shows and counts how many signals are generated in each condition (Buy, Sell or wait).


Indicator Settings:

  • Tenkan-sen: default Ichimoku Tenkan-sen setting is 9.
  • Kijun-sen: default Ichimoku Kijun-sen setting is 26.
  • Senkou Span: default Ichimoku Senkou Span setting is 52.
  • Higher Timeframe Candle number Selection: for the higher timeframes (H1, H4, D1) I have added a setting to select candle for analyzing. Default setting is 0 which is the last open (incomplete) candle, but you may prefer to analyze the last closed (complete) candle, so you can place 1 in this setting. In the lower timeframes (M1, M5, M15, M30) the analyzing is performed based on last closed candle (1).


How To Use This Indicator

The most useful method that I found in using this indicator is that you check the daily signal. In case daily signal was not "wait" and shows "Buy" or "Sell" then you check the other timeframes except for M1 (M5, M15, M30, H1, H4) when at least 2 of these 5 timeframes show the same signal as daily, then at the moment the M1 signal shows the same signal, enter a trade in that signal direction.

So with this method you can find the major trend of the market, check the rest of the timeframes compliance with major trend, then act at the best moment to scalp and get the intraday trades when the M1 is moving in the same direction and market is not in wait/recovery status.

I suggest that you do not trade when Daily or M1 are at "wait" status.

Always remember not to overtrade your accounts equity with trading with big lot sizes in which your account cannot tolerate the negative pullbacks.

Always remember to place Stop Loss in previous important support/resistance areas. Or better than that trade with loss recovery areas method in case a trade didn't go in your required direction.

We have tested this method in the recent weeks and I have attached the manual trades that we had on a demo account to show you that this indicator is usable on every pair and every timeframe. As this was a demo account I traded with larger lot sizes, but on my real account I traded with more reasonable and smaller lot sizes and the result was quite good and I am going to write an expert with this indicator in near future.

Anyway, the trades picture is as a sample only and there is no guaranty that you get the same results if you don't take care on managing your trades or trade emotionally. Hope this indicator can be a handy tool on your charts next to your other tools.

If you have any other requirements or suggestions let me know to write the changes for you.

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Pannello di trading per il trading in 1 clic.   Lavorare con posizioni e ordini!   Trading dal grafico o dalla tastiera. Utilizzando il nostro pannello di trading, puoi fare trading con un clic dal grafico ed eseguire operazioni di trading 30 volte più velocemente rispetto al controllo MetaTrader standard. Calcoli automatici di parametri e funzioni che semplificano la vita di un trader e lo aiutano a condurre le proprie attività di trading in modo molto più rapido e conveniente. Suggerimenti gr
The Expert Advisor will help you forward all pop-up alert with screenshot from  MetaTrader 4 to Telegram channel/ group, also forward all notifications to Telegram. Parameters  -  Telegram Bot Token - create bot on Telegram and get token.  -  Telegram Chat ID  - input your Telegram user ID,  group / channel ID  -  Forward Alert - default true, to forward alert.  -  Send message as caption of Screenshot - default false, set true to send message below Screenshot  How to setup and guide  - Telegram
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Hispraise Chinedum Abraham
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Trinh Dat
4.29 (7)
The Expert Advisor will send notifications via Discord when orders are opened/modified/closed on your MetaTrader 4 account. - Send message and screenshot to Discord group/channel.  - Easy to customize message.  - Support custom message for all languages - Support full Emoji.  - Send report Daily, Weekly, Monthly ( must show all history of orders ) Parameters - Discord url Webhook - create webhook on your Discord channel. - Magic number filter - default all, or input magic number to notify with
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Nguyen Van Anh
4.5 (4)
MT4 Alert Signal Trader  is an EA that helps you trade MT4 Alert popup. Some indicators can provide signals by showing an alert popup containing signal texts. This EA will read and trade these signal texts. The alert texts should contain at least 2 elements:  (1) a symbol text   (ex: "EURUSD") and  (2) a command type   (ex: "Buy", "Sell", "Close") that trigger EA's trading activities. Some other contents that may have or not are open price, stop loss, take profit values... The EA needs an aweso
Il MT4 to Discord Signal Provider è uno strumento facile da usare e completamente personalizzabile, progettato per inviare segnali di trading direttamente a Discord. Questo strumento trasforma il tuo account di trading in un efficiente fornitore di segnali. Personalizza i formati dei messaggi secondo il tuo stile! Per facilitarne l'uso, seleziona tra i modelli pre-progettati e scegli quali elementi del messaggio includere o escludere. [ Demo ] [ Manuale ] [ Versione MT5 ] [ Versione Telegram ]
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Lukas Roth
4.63 (19)
Presentazione del OrderManager : un rivoluzionario strumento per MT4 Gestisci le tue operazioni come un professionista con il nuovissimo utility Order Manager per MetaTrader 4. Progettato pensando alla semplicità e alla facilità d'uso, Order Manager ti permette di definire e visualizzare senza sforzo il rischio associato a ogni operazione, consentendoti di prendere decisioni informate e ottimizzare la tua strategia di trading. Per ulteriori informazioni sull'OrderManager, si prega di consultare
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Roman Podpora
5 (3)
-  Version MT5  (Coming soon) An instrument capable of instantly calculating position size or risk based on a specified stop-loss level is critically important for both professional traders and beginners. Trading utility  TRADE PRO   provides fast and accurate calculations, helping you make decisions in conditions of limited time and increased market volatility. Main functions: Original. Simple. Effective. Original and convenient opening of the main trading panel: Simply hover your mouse over th
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (4)
TakePropips TradePad Pro include un potente gestore commerciale, un misuratore di forza valutaria, strumenti di rendicontazione dei conti, strumenti di gestione del rischio e molto altro! È uno dei più avanzati gestori e assistenti commerciali del forex che tu abbia mai incontrato! È la soluzione perfetta per i trader che desiderano un modo più efficiente di gestire le transazioni commerciali. Puoi scaricare il manuale utente sul nostro post sul blog:   https://www.mql5.com/en/blogs/post/751180
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MACD Colored ZeroLag
Farzin Sadeghi Bonjar
4.14 (7)
It is the MQL5 version of zero lag MACD that was available for MT4 here: https://www.mql5.com/en/code/9993 Also there was a colored version of it here but it had some problems: https://www.mql5.com/en/code/8703 I fixed the MT4 version which has 95 lines of code. It took me 5 days to write the MT5 version.(reading the logs and testing multiple times and finding out the difference of MT5 and MT4!) My first MQL5 version of this indicator had 400 lines of code but I optimized my own code again and n
FREE
This is the multi-time frame Fisher Divergence indicator for MetaTrader 4, with signal arrows and a Signals panel which is freely movable showing the last signals and their time in color. The indicator draws some lines based on signal time. On the time frames below H4, the indicator scans for H4 divergence signals and draws it on chart with thick trend lines, and also it draws arrows for them. And also it scans the current time frame and draws a line at divergence location and places signal arro
Trend Direction MTF
Farzin Sadeghi Bonjar
This is a multi timeframe indicator to show the direction of the trend in multiple timeframes. The calculations are based on some original indicators but with special settings that is working for years and in combination with some newer indicator formulas. The indicator has multiple arrows based on various timeframe signals so that user can clearly see which signal is for which timeframe. Also draws horizontal lines with different thickness settings and colors from various latest signals so that
This is a program in the form of an EA that attaches to a chart in MetaTrader 4. Then, by using API from Bittrex, Binance websites, it downloads the history of altcoins. By selecting a pair name, the EA automatically downloads all time frames history (Daily,H12,H4,H2,H1,M30,M15,M5,M3,M1) so there is no need to attach multiple EAs to different charts. You can select one pair from Bittrex and 4 pairs from Binance exchange with one running EA and create up to 15 timeframes for 5 different pairs. Th
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Versione 1.71 2020.06.21
Recompiled the program with the latest metaEditor as website requested.
New Screenshots added showing better indicator features.
Versione 1.7 2016.02.08
-This Indicator now has 4 states : buy , sell , wait , ranging.
The Wait Sign comes from price related to TK cross and Cloud.
The Ranging Sign Comes from Price Ranging ChikouSpan Checker.
Its better that do not trade the Pair when Its Ranging.
-added Buy/Sell Signal Signs on for major Trend on daily and below TimeFrames.
-added Buy/Sell Signal Signs for scalping on M1 and lower timeFrame Confirmations.
-Some Other minor fixes.
Versione 1.4 2016.01.22
1-New Options for selecting Signal display corner.
2-New option to disable Ichimoku Details
3-Colorful Signals/objects instead of a simple text Comment on chart.
4-Added the fast signal on Ichimoku M1 on candle 0 ( In Progress Candle ) for the fastest actions.