Kijun Sen Indicator

Kijun Sen Indicator

Kijun Sen Indicator for MT4 displays only Kijun-Sen line of the Ichimoku on price chart. The crossover of price gives buy and sell forex trading signals.

The Kijun Sen indicator for MT4 displays only the Kijun-Sen line of the Ichimoku indicator on the price chart. As a result, forex traders using the Kijun-Sen and price crossover as a trading strategy can avoid the other lines and components of the Ichimoku indicator. Furthermore, this enables the technical traders to focus and identify the bullish and bearish trading signals of this line.

The indicator works well for new and advanced forex traders. However, new traders should educate themselves about Ichimoku and Kijun-Sen trading strategies before applying the trading signals. It works on all chart time frames and is useful for scalping, short and long-term traders.

Kijun Sen Indicator For MT4 Trading Signals

The indicator draws the Kijun-Sen as a blue line on the price chart. Price above the Kijun-Sen is bullish, while price below it is bearish. So, the best trading strategy is to use the crossover of the price and Kijun-Sen line to enter and exit the markets.

Furthermore, Kijun-Sen acts as an excellent support or resistance. So, forex technical traders can use support and resistance trading strategy and trade the Kijun-Sen profitably.

Since Kijun-Sen is an excellent trend follower, forex trend traders will find it rewarding to use this indicator for trend following.

Primarily, if the price moves above the Kijun-Sen it indicates the beginning of a bullish price trend. So, traders should open a buy trade with a stop loss below the previous swing low. Conversely, traders can book profits at an opposite crossover. A similar trading strategy can be followed in a bearish condition upon the downward crossover of the price and Kijun-Sen.

Conclusion
In summary, the Kijun Sen indicator for MT4 displays only the Kijun-Sen and is beneficial for forex traders using Ichimoku.