The Wajdyss Ichimoku Candle Alert Metatrader 5 forex indicator is a semaphore signal indicator that is dependent on a breakthrough of the Kijun Sen line by the price bars.
The Wajdyss Ichimoku Candle Alert MT5 forex indicator is displayed in candles.
The candlesticks that are filled with bright colors represents a trending market state, while those that carry dark colors are said to be against the dominant trend.
Apparently, this signals indicator offers signals, push notifications and sends email when the candle breakthrough the Kijun Sen line i.e. the color of the candle changes to the opposite one.
Works for scalping, day trading and swing trading.
The EUR/JPY H1 chart below displays the Wajdyss Ichimoku Candle Alert Metatrader 5 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the color of the Wajdyss Ichimoku Candle Alert Metatrader 5 forex indicator candles turns aqua and blue.
Sell Signal: Go short when the color of the Wajdyss Ichimoku Candle Alert Metatrader 5 forex indicator candles turns magenta and brown.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the color of the indicator candlestick turns magenta.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the color of the indicator candlestick turns aqua.
Tips: The Wajdyss Ichimoku Candle Alert forex indicator can be effectively combined with other technical indicators to yield a profitable/stable trading strategy that is appealing to short and long term traders alike.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart pattern indicator
Customization options: Variable (Kijun,…..), Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the wajdyss_Ichimoku_Candle_Alert.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)