The Ichimoku Trend Finder MT5 is a robust multi-symbol multi-timeframe trend dashboard designed to assist traders in monitoring and identifying potential market trends from a single chart. With its advanced scanning capabilities, this dashboard scans the Ichimoku Kinko Hyo indicator in 28 configurable instruments and 9 timeframes, providing traders with classic Ichimoku trend signals.
Key Features
The Ichimoku Trend Finder offers several key features that enhance its functionality:
Multi-timeframe, multi-symbol customizable scan of the Ichimoku indicator
Scans Ichimoku cloud, Tenkan sen (Conversion Line), Kijun sen (Base Line), Senkou span A, Senkou span B, and Chikou span relative to price, and more
Deep Scan mode to scan all market watch symbols for Ichimoku trend in a chosen timeframe
Quick review of signals on the same chart by clicking on signal buttons
Easy setup and arrangement of symbols in any order with any instrument provided by your broker
Popup, email, and phone notification alerts for selected symbols and timeframes
How It Works
The Ichimoku Trend Finder scans the price and cloud (Kumo) by default. If the price is above the cloud, it indicates an uptrend with a “light green” color, while a price below the cloud turns the dashboard cell “light red,” indicating a possible downtrend. When the price is inside the cloud, the dashboard cell color remains “gray,” indicating no trend.
Additionally, there are 8 classic Ichimoku trend filters that can be enabled or disabled in the settings. When these conditions are met, the dashboard cell turns “deep green” or “deep red,” providing further confirmation of the trend.
Dashboard Buttons
The dashboard buttons allow traders to open the symbol and timeframe of the signal on the current chart by simply clicking on the signal. Furthermore, traders can choose between 6 different information options to display on the dashboard buttons, including Cloud Height, Price to Cloud Distance, Price vs Cloud Cross Age, Price to Kijun-sen Distance, RSI Value, and Stochastic Value. These additional information options provide valuable insights but do not serve as signal filters.
FAQ
Can I monitor more than 28 instruments?
Yes, you can load the indicator on another chart, set a different “Unique ID” in the indicator settings, and select different symbols for it. However, please ensure that the symbols you want to add to the dashboard are visible in the MetaTrader market watch window.
Why does it take a few seconds to update data and show signals?
When you run the indicator for the first time or load a new symbol in the dashboard, it may take a few seconds to update its data and display signals. This is a normal process as the indicator needs to retrieve and process the necessary information.
Independent Testing and Updates
If you’re interested in watching independent testing of the Ichimoku Trend Finder, you can visit the forexroboteasy.com website. There, you’ll find comprehensive testing results and the opportunity to subscribe for updates on the performance of this product.
We also encourage you to share your experience of using the Ichimoku Trend Finder. Your feedback and insights can help other traders make informed decisions.
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