Tenken Sen Kijun Hist (MTF+Alerts+Arrows) Indicator

Tenken Sen Kijun Hist (MTF+Alerts+Arrows) Indicator

The Tenken Sen Kijun Hist (MTF+Alerts+Arrows) indicator delivers a buy/sell signal based on the Ichimoku system.

The Tenken Sen Kijun Hist (MTF+Alerts+Arrows) Indicator is one of the advanced variations of the popular Ichimoku trading system. It’s a MetaTrader 4 (MT4) indicator with more user-friendly features for multi-time frame analysis and trend reversal signals.

This variation simplifies the complexity associated with the Ichimoku indicator into a model for all to understand. In essence, you do not need to worry about understanding the functionality of the elements of the Ichimoku (e.g., Tenken Sen, Senkun Span A/B, Kijun Sen, etc.) indicator to benefit from it.

Tenken Sen Kijun Hist (MTF+Alerts+Arrows) Buy/Sell Signals

The above image shows how the Tenken Kijun Hist (MTF+Alerts+Arrows) indicator would look on your MT4 chart after installation.

The histogram bars communicate the direction of the trend in line with Ichimoku’s principle. So, green histogram bars above the zero line signify a bullish market condition, while red histogram bars below the zero line indicate a bearish trend.

Furthermore, the green and red arrows are the buy/sell signals. Therefore, you may open a buy order if the indicator displays a green arrow and the histogram bar appears above the zero line. Similarly, you may sell an asset when it paints a red arrow, and the red histogram bar also appears below the zero line.

Conclusion
The Tenken Sen Kijun Hist (MTF+Alerts+Arrows) indicator is an Ichimoku system that delivers easy-to-understand buy/sell signals. Besides, it appears below the main chart, which makes the chart assessable for technical analysis.