Ichimoku Trend Finder Settings Description – Analytics & Forecasts – 14 June 2022

Ichimoku Trend Finder product page

MT4 version here

MT5 version here

Ichimoku Settings

Set Tenkan-Sen, Kijun-Sen and Senkou Span B periods here.

Additional Filter Settings

Cloud Direction: Checks current cloud color to see if its direction turned yet or not.

Future Cloud Direction: Checks if future cloud direction matches the price/cloud position.

Tenkan-sen/Kijun-sen Cross: Checks if Tenkan sen crossed Kijun sen in the direction of the trend.

Tenkan, Kijun/Cloud Order: Checks if both Tenkan sen and Kijun sen are above the cloud in an uptrend or below the cloud in a downtrend.

Tenkan-sen/Price Order: Checks if price is above Tenkan sen in uptrend or below Tenkan sen in downtrend.

Kijun-sen/Price Order: Checks if price is above Kijun sen in uptrend or below Kijun sen in downtrend. 

Chikou-span/Price Order: Checks if Chikou span is above price in uptrend or below price in downtrend. 

Chikou-span/Cloud Order: Checks if Chikou span is above the cloud in uptrend or below the cloud in downtrend. 

Buttons Info Settings

Choose between 6 information to show on dashboard buttons:

  1. Cloud Height: Based on ATR  value of the symbol and timeframe.
  2. Price to Cloud Distance: Based on ATR.
  3. Price vs Cloud Cross Age: Shows the number of the bar from left to right that price crossed cloud.
  4. Price to Kijun-sen Distance: Based on ATR like above.
  5. RSI Value 
  6. Stochastic Value 

Other settings:

Timeframes to scan (MT4 version): You can type the name of timeframes (as shown in the MT4 toolbar) you want to monitor separated with underline(underscore) “_” symbol. Reducing the number of timeframes for monitor reduces the calculations required and improves the dashboard performance.

Signal after candle close: If true dashboard waits until the close of the current candle and then checks the signal.

Popup Alert: To enable MT4 alert window informing dashboard signals on a symbol and timeframe. Select symbols and timeframes that you want to get alert for them by ticking their checkboxes on the panel.
Phone Notification: To receive indicator alerts on the cell phone. For this to work you must enable and fill the MetaTrader push notification settings from the Notifications tab on the MetaTrader options dialog (ctrl+o).
Email Alert: To receive indicator alerts via email. For this to work you must enable and fill the MetaTrader email settings from the Email tab on the MetaTrader options dialog (ctrl+o).
Template name for new chart: Enter the name of the template you want to apply to new charts opened by clicking on the “Open in new chart” button.

Panel Font Size: You can change the font size of labels and buttons info with this.

Timeframe Settings (MT5 version)

There are up to 9 timeframes for each symbol. For each timeframe you can choose from 21 default MT5 timeframes from the dropdown list. By selecting “current” for a timeframe you can disable that timeframe and reduce the number of timeframes in the dashboard.  Reducing the number of timeframes for monitor reduces the calculations required and improves the dashboard performance.

The first time you run the indicator it might take a while to update history data and show signals.

To boost performance on older PCs set “Max bars in chart” to 10000 or less in the Charts tab on the MetaTrader options dialog (ctrl+o). Reducing the number of timeframes as stated above in timeframe settings also improves performance.

Download the Demo version below.

MT4 demo version only scans M1 & M5 timeframes.

MT5 demo version only scans M1 & M6 timeframes.

If you have any questions about the indicator ask me in the comments or private message.


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