Kijun Tenkan Indicator
MT4The Kijun Tenkan Indicator for MT4 is a component of the Ichimoku system, which signals buy/sell opportunities when the Kijun and Tenkan lines crossover.
Description
The Kijun Tenkan indicator for MetaTrader 4 (MT4) is a trend analysis tool developed with two component lines of the famous Ichimoku’s trading system to generate buy/sell or exit signals. The Tenkan line is the conversion line with the 9-period price, while the Kijun is the baseline with the 26-period price.
What is the Kijun Tenkan Strategy?
The Kijun and Tenkan lines detect the momentum in the market when they cross over to the downside/upside. Therefore, bullish or bearish momentum is signaled when the Tenkan line (conversion line) crosses above/below the Kijun (baseline) to the upside/downside, respectively.
Consequently, the crossover between these two lines (Tenkan and Kijun) also doubles as a signal to buy/sell or exit a trade. However, the indicator’s signal is recommended to be used along with price action/other technical indicators for better efficiency.
Buy/Sell Signals of the Kijun Tenkan Indicator
The above image depicts the buy/sell signals generated by the Kijun Tenkan indicator for MT4. The red and blue lines represent the Tenkan and Kijun lines, respectively.
Therefore, a forex trader may open a buy position after the red line (Tenkan) crosses the blue line (Kijun) to the upside. Similarly, a sell trade signal is triggered after the red line crosses over the blue line to the downside.
Conclusion
The Kijun Tenkan Indicator for MT4 is a simple but powerful trading system that delivers high-probability buy/sell signals, especially in a defined market condition (uptrend/downtrend). Besides, it is also suited for beginners, intermediate, and advanced forex traders.
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