The Ichimoku Trend Monitor with Alert for Metatrader 4 is a directional trend indicator that provides precise trade entries for any time frame and pair.
The indicator pops up in the main MT4 chart window as a dashboard with all signal arrows in it.
The Ichimoku Trend Monitor with Alert indicator is newbie friendly and can be used by anyone, regardless of prior trading experience.
Buy & sell signal:
- A buy signal occurs when all arrows are colored blue for your chosen time frame.
- A sell signal occurs when all arrows are colored red for your chosen time frame.
The indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download:
Download the “Ichimoku_Monitor.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The picture below shows the Ichimoku Trend Monitor with Alert mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Ichimoku Trend Monitor with Alert indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Ichimoku
Does the indicator repaint? No.
Download Now:
Download the “Ichimoku_Monitor.ex4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
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_Monitor.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.