Ichimoku Signals Cloud Metatrader 4 Forex Indicator

The Ichimoku Signals Cloud forex indicator for Metatrader 4 is an advanced Ichimoku trading indicator with some additional moving average crossover trading signals.

The Ichimoku Signals Cloud forex indicator is trend-following in nature.

The principle of the Ichimoku indicator is easy to understand:

  • When price trades above the cloud, traders look for buy trade opportunities
  • When price trades below the cloud, traders look for sell trade opportunities

Free Download

Download the ichimoku-average-indicator.mq4” MT4 indicator

Example Chart

The GBP/USD H1 chart below displays the Ichimoku Signals Cloud forex indicator in action.

Basic Trading Signals

Signals from the Ichimoku Signals Cloud forex indicator are easy to interpret and goes as follows:

Buy Signal: Open buy position after price closes above the orange cloud.

Sell Signal: Open sell position after price closes below the purple cloud.

Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

Tips: Above the cloud, you can look to buy on dips as follows:

Buy on dips in the uptrend when the blue moving average line crosses the red moving average line from below.

Below the cloud, you can look to sell on rallies as follows:

Sell on rallies in the downtrend when the red moving average line crosses the blue moving average line from above.

Download

Download the ichimoku-average-indicator.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (MA_Type, Price, MA_Tenkan, MA_Kjun, MA_Senkou) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Trend following

Installation

Copy and paste the ichimoku-average-indicator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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