Skip to content

Ichimoku Forex Indicator (MT4)

    Ichimoku Cloud is a free MT4 indicator that’s considered a trend directional Forex indicator that works out of the box for any trader.

    The indicator gets displayed on the chart in the form of a buy and sell colored trend-following cloud.

    Buying and selling currency pairs with this indicator is a straightforward task.

    Key Takeaways:

    • An orange colored Ichimoku cloud suggests a rising market.
    • A blue colored Ichimoku cloud suggests a declining market.

    The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).

    Free Download

    Download the “Ichimoku.ex4” indicator for MT4

    Indicator Example Chart (EUR/USD Daily)

    How to trade with it (example)?

    Open a buy trade as soon as the candlestick crosses the Ichimoku cloud bottom-up.

    Open a sell trade as soon as the candlestick crosses the Ichimoku cloud top-down.

    Utilize your own trading strategy to take profit with this indicator.

    Indicator Specifications

    Trading Platform: Developed for Metatrader 4 (MT4)

    Currency pairs: Works for any pair

    Time frames: Works for any time frame

    Input Parameters: Tenkan, Kijun, Senkou, color settings & style

    Indicator type: trend

    Repaint? Does not repaint the Ichimoku cloud.

    Download Now

    Download the “Ichimoku.ex4” indicator for Metatrader 4

    Usage:

    Works for any trade style: scalping, day trading and swing trading .

    The Ichimoku Forex indicator for MT4 can be utilized as a standalone signals indicator or together with other technical indicators for optimal trade exit.

    Installation:

    Open the Metatrader 4 platform

    From the top menu, click on “File”

    Then click on “Open Data Folder”

    Then double click with your mouse button on “MQL4”

    Now double click on “Indicators”

    Paste the Ichimoku.ex4 indicator in the Indicators folder.

    Finally restart the MT4 platform and attach the indicator to any chart.

    How to remove the indicator?

    Click with your right mouse button in the chart with the indicator attached onto it.

    Select “Indicator List” from the drop down menu.

    Select the indicator and press delete.

    How to edit the indicator’s inputs and parameters?

    Right click with your mouse button in the chart with the indicator attached onto it.

    From the drop down menu, click on indicators list.

    Select the indicator from the list and press edit.

    Now you can edit the indicator.

    Finally, press the OK button to save the updated configuration.

    Share this post!