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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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