Sm Ichimoku Scanner Indicator
Sm Ichimoku scanner indicator for MT4 – download free. Free Ichimoku mt4 indicator.
Description
The Sm Ichimoku Scanner indicator for MetaTrader is a multi-timeframe forex indicator that automatically scans the market for Ichimoku trading opportunities. It comes with an algorithm that simultaneously scans through 10 currency pairs on different timeframes and displays the result on a dashboard.
This technical indicator makes it convenient to trade with the Ichimoku trading concept. You don’t need to switch between different pairs and time frames to search for trading opportunities. Simply add the 10 currency pairs you want to monitor and let the indicator carry out the multitasking.
In essence, the Sm Ichimoku indicator will help you to keep a tab on Ichimoku trading setups on 10 different currency pairs at a glance. Furthermore, it is ideal for scalpers and day/intraday traders. It is also recommended for the novice, intermediate, and advanced traders.
How To Interpret the Signal of The Sm Ichimoku Scanner Indicator
The above image depicts how the Sm Ichimoku would look on your MT4 chart. It shows different pairs in green and red.
The following are the signal interpretation as explained by the author of the indicator (Steeve Martol):
- “KUMO Futur” – Green/Red: Depicts a bullish/bearish Kumo Futur.
- “PRICE Cross KJ” – Green/Red: Depicts that the price is above/below the kijun sen.
- “PRICE Bo Kumo” – Green/Red: Indicates that the price is now above/below the Kumo.
- “CHIKOU X Kijun” – Green/Red: Indicates that the chikou has crossed the kijun sen and is above/below it.
- “CHIKOU Bo Kumo” – Green /Red: Indicates that the chikou is above/below the Kumo
- TK/KJ – Green/Red: Indicates that the Tenken is above/below the kijun sen.
Conclusion
The Sm Ichimoku Scanner indicator for MT4 is a tool that makes it easy to identify the Ichimoku trading setup with less hassle. Finally, it is free to download.