The Kijun Sen Trend Alert indicator designed for Metatrader 5 is a powerful tool that offers reliable trading signals to currency traders, utilizing the Kijun Sen Forex formula.
The indicator presents a dynamic two-color line that alternates between a clear buy signal and sell signal.
How to trade with the Kijun Sen Trend Alert indicator?
- The blue line is a buy signal.
- The orange line is a sell signal.
The indicator works equally well for newbies and seasoned traders alike.
The indicator contains the following inputs and parameters: Kijun calculation period, sound alert, push notification alert, and email alerts.
Please make yourself familiar with this technical indicator and test it first on a demo account before applying it to a live account.
It supports all time frames and Forex pairs.
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Kijun-Sen_alerts21o.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Kijun Sen Trend Alert indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Kijun Sen Trend Alert Forex Indicator?
Find a simple trading strategy below:
Buy Signal
- A bullish signal is given when the blue Kijun Sen line is displayed in the chart.
- Open a buy transaction and place your stop loss below the most recent support level.
- Exit the buy trade for a fixed pip profit target, or wait for a sell signal.
Sell Signal
- A bearish signal is given when the orange Kijun Sen line is displayed in the chart.
- Open a sell transaction and place your stop loss above the most recent resistance level.
- Exit the sell trade for a fixed pip profit target, or wait for a sell signal.
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Kijun-Sen_alerts21o.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Kijun-Sen_alerts21o.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration