CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56.71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Based on the Ichimoku Kinko Hyu pattern, this indicator highlights the trend in arrow format (top left hand corner). There are 4 momentum calculators. The placement of the 4 arrows can shift across to the other side of the chart by amending the X and Y access points in the indicator settings.

How is the Ichimoku Cloud calculated?

Tenkan-sen = (…-day high + …-day low) / 2
Kijun-sen = (…-day high + …-day low) / 2
(Cloud – Top) Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
(Cloud – Bottom) Senkou Span B = (…-day high + …-day low) / 2
Chikou Span = Close plotted …-days in the past.

Installation Instructions

  • Download Blackwell MT4 Platform
  • Open MT4
  • File > Open Data Folder
  • MQL4 > Indicators
  • Copy the indicator .ex4 file into the folder
  • Close and Restart MT4

To activate the indicator on a chart, please ensure that you can see Navigator on the left hand side of the MT4 platform (View > Navigator). Drag and drop the indicator on to a Crypto chart and now it will be activated

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