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Tenkan and Kijun Color Fill

Tenkan and Kijun Color Fill

Color Fill enhances visual perception of price action and assists with decisions of trade entry, continuation, exit and trade re-entry on trend continuation.

This indicator draws:

  • The Tenkan Sen and Kijun Sen components of the Ichimuko Kinko Hyo Indicator.
  • Two associated Price Labels.
  • The below Color Fill options.
Note: The Color Fill is not a part of the Ichimoku Kinko Hyo indicator and should not be confused with the Ichimoku Cloud.

Color Fill options

  1. Color Fill between Price and Tenkan Sen.
  2. Color Fill between Price and Kijun Sen.
  3. Color Fill between Tenkan Sen and Kijun Sen.
  4. No Fill.

All default inputs and parameters can be changed and saved to a user named .set file for later recall and reuse via the Save and Load buttons on the Inputs tab. The user should investigate personal preferences and parameter settings. 

Parameters

The Tenkan Sen and Kijun Sen periods are not set at the traditional 9 and 26 but these can be easily changed and saved using the above procedure.

The Tenkan Sen and Kijun Sen periods are set at 50 and 100 as general optimization for M30 - H4. Adjust Tenkan Sen and Kijun Sen periods as required. Line thickness can be increased for better visual definition.

Note: The Tenkan Sen and Kijun Sen are the same indicator. The non programmer can prove this by placing the Ichimoku Kinko Hyo Indicator (MetaTrader 5 → Insert → Indicators → Trend → 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 brought to the user's attention in order to avoid misunderstanding that can arise while using the present Indicator.

Tenkan Sen and Kijun Sen Price Labels

  • The Labels are positioned at the lower right corner but can be re-positioned to any position on the chart.  
  • The Price Labels can be hidden if not required.
  • If the Tenkan Sen or Kijun Sen is hidden the associated Price Label will also be hidden.

Accuracy of a 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 will align precisely with the end of the Tenkan Sen or Kijun Sen depending on Label chosen.  

Chart Graphics

For optimum appearance use a White background on chart. See Colors tab, Chart Properties - press F8. Colors guide below - change as required:

  • Background - White.
  • Foreground - Black.
  • Grid - LightGray.
  • Bar up - Black.
  • Bar down - Black.
  • Bull candle - White.
  • Bear candle - LightSlateGray.
  • Line chart  - LightSlateGray.
  • Volumes - Teal.
  • Bid price line - LightSlateGray.
  • Ask price line - LightSlateGray.
  • Last price line - Green.
  • Stop levels - Red.

Input and Parameters

  • Fill Select - Price - Tenkan Sen.
  • Fill Long Color - AliceBlue.
  • Fill Short Color - LavenderBlush.
  • Period Tenkan Sen - 50.
  • Period Kijun Sen -100.
  • Color Tenkan Sen - DodgerBlue.
  • Color Kijun Sen - Aqua.
  • Width Tenkan Sen - 1.
  • Width Kijun Sen - 1.
  • Style Tenkan Sen - Solid.
  • Style Kijun Sen - Solid.
  • Show Tenkan Sen - true.
  • Show Kijun Sen - true.
  • Label Corner - Right lower chart corner.
  • Label Left or Right - 20.
  • Label Up or Down - 20.
  • Label Size - 12.
  • Show Labels - true.

Check Chart on foreground - Chart Properties (press F8).

Comentários 5
Detleff Böhmer
1178
Detleff Böhmer 2020.10.13 17:44 
 

Kann man gut mit arbeiten.

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The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
98 USD
Advanced Supply Demand MT5
Bernhard Schweigert
⭐⭐⭐⭐⭐  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 timeframe 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 potential
128 USD
Naked Forex Kangaroo Tail for MT5
Renaud Candel
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs : CandleSizeATR: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values) TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL Distance: distance in pixel relative to top or bot
147 USD
WS Currency Strength MT5
WaltSoft
Have you ever wondered which currency is moving a pair? For instance, if you see EURUSD go up, then is it because the EUR is getting stronger or because the USD is getting weaker? Well, this nifty little indicator will tell you in a blink of an eye! The indicator shows the relative strength of eight major currencies by comparing each currency with all the other ones, and presents the result in an easy to interpret graphical way. Alerts, Notifications and Emails can be set on a range of scena
48 USD
Blahtech Daily Range MT5
Blahtech Limited
Blahtech Daily Range indicator displays the average daily range alongside the individual session ranges. Using the daily open price as a reference the indicator shows fixed range and dynamic range targets as lines on the charts. These lines clearly show when the average range has been exhausted. Daily and session ranges can be useful for confirming entries or setting targets and is an excellent odds enhancer for many trading systems. Feature Highlights Daily Ranges Session Ranges Single or mul
49 USD
PZ Lopez Efficiency MT5
Arturo Lopez Perez
Este indicador analisa a eficiência do movimento atual do mercado, com base na verdadeira relação alta / baixa de um determinado número de barras. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] O rácio é a eficácia do movimento do mercado Uma relação abaixo de 1 significa que o mercado não está indo a lugar algum Uma relação acima de 1 significa que o mercado está começando a mostrar direcionalidade Uma relação acima de 2 significa que o mercado es
30 USD
Advanced MA Crossover Alert System for MT5
Crispin Scruby
Advanced MA Crossover Alert System   The FX AlgoTrader Advanced Moving Average Crossover Alert System is a highly configurable MT5 indicator which incorporates a fully automated alert system for monitoring two trader defined moving averages. The indicator is designed to alert traders when two moving averages crossover. The trader has a wide range of control over how the MA Crossover alerts are generated which is detailed below. Key Features Automatic display of trader defined fast and slow movin
30 USD
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Detleff Böhmer
1178
Detleff Böhmer 2020.10.13 17:44 
 

Kann man gut mit arbeiten.

[Excluído] 2019.01.14 06:06 
 

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Gennadiy Voltornist
12008
Gennadiy Voltornist 2018.02.04 15:35 
 

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Daniel Andrejczuk
5720
Daniel Andrejczuk 2017.11.09 13:34 
 

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Nork
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Nork 2017.01.31 07:14 
 

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