Ichimoku Trend Finder MT5

Overview of Ichimoku Trend Finder MT5

• Ichimoku Trend Finder is a sophisticated multi-symbol, multi-timeframe trend dashboard for MetaTrader 5.
• Optimizes trading by allowing traders to monitor up to 1000 instruments simultaneously.
• It provides a unique way to identify potential market trends from just one chart 🖥️.

Features and Functionalities

• Tracks classic Ichimoku signals across 28 configurable instruments and 9 timeframes.
• Includes a Deep Scan mode for analyzing all market watch symbols.
• Offers three alert modes: single symbol and timeframe, multiple timeframes of a symbol, and multiple symbols for a timeframe.
• Supports all 21 timeframes available in MT5, making it highly versatile.
• Alerts can be sent via popup, email, or phone notifications 📲.

Ichimoku Trend Filters

• Price/Cloud Order: Indicates price position relative to the Ichimoku cloud.
• Cloud Direction: Assesses the current cloud color for trend direction.
• Future Cloud Direction: Confirms if future cloud direction aligns with the price/cloud position.
• Tenkan-sen/Kijun-sen Cross: Monitors the cross of these lines as a trend signal.
• Kijun-sen/Price Order: Compares price against the Kijun-sen for trend validation.

User Notes and Application

• The indicator does not provide explicit Buy/Sell signals but indicates potential trend changes to be further analyzed.
• Allows for customization of symbol arrangements according to the trader’s preference.
• Can be integrated with other trading strategies tailored to the Ichimoku system ✨.

Practical Use and Benefits

• Enhances decision-making by providing a comprehensive overview of market conditions.
• Good for both novice and experienced traders wanting to leverage the Ichimoku methodology.
• Can significantly reduce time spent monitoring multiple instruments, streamlining trading workflow.