Kijun Sen MT4 Indicator - Free MT4 Indicator

Kijun Sen MT4 Indicator – Free MT4 Indicator

This strategy post goes out to Ichimoku lovers. The Kijun Sen MT4 Indicator is a component of the much greater and complex Ichimoku Kinko Hyo indicator and it’s mainly used to measure and predict the short-term momentum. By standard, the default setting of the Kijun Sen represents 26 periods so this is kind of a short to a medium-term indicator. This means that the Kijun Sen indicator highlights almost one month worth of trading. Compared to the simple moving average the Kijun Sen line (see below) basically takes the highest high of the last 26 periods adding its lowest low of the last 26 periods and divide it by two, which is the process of averaging them out and that’s the value it represented on the chart.

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Compared to the simple moving averages were we have smooth parts the Kijun Sen line flattens, which indicates that soon the market momentum is about to pick up. When the Kijun Sen line flattens it doesn’t mean that price will stall as you might be thinking. If the Kijun Sen line remains flat for a longer period, basically will cause the price action to consolidate to a point that it pulls price back to the Kijun Sen line. If for example price is below the a flat Kijun Sen line and if price breaks and close above the Kijun Sen line that may indicate that there is a possible change in the trend direction.

Kijun Sen MT4 IndicatorKijun Sen MT4 Indicator – Used on EUR/USD Daily Chart


Kijun Sen MT4 Indicator Settings

Kijun Sen MT4 Indicator SettingKijun Sen MT4 indicator Settings

Since the Kijun Sen line is part of the Ichimoku Cloud Indicator and the standard value is 26 periods, we recommend using this value as it’s more reliable. The Shift-Kijun value simply moves the value of the Kijun Sen line in time and it can either improve or worsen the lag and we recommend to use a value of 3 periods.


Kijun Sen MT4 Indicator Trading Rules

We have to establish a general rule of the fact that higher time frames have more significance than lower time frames and we just have to accept it because it has been proven over time the fact that the higher time frame price action will always impact the lower time frames. In this regard the proposed strategy based on the Kijun Sen MT4 indicator makes use of the multiple time frame analysis, which means that we’re going to use different time frames and in our case we’re going to look at the Daily chart we’re going to combine hat trend with what’s going on in the 1h time frame.

Without further ado, these are the rules of the strategy based on the Kijun Sen MT4 indicator :

  • Time Frame: Daily time frame in combination with the 15-minute time frame;
  • Currency Pairs: Any currency pair;
  • Buy Signal: Price needs to be above the Kijun Sen line on both the Daily and the 15-minute time frame. Wait on the 15-minute TF until we have minimum 5 bars above the Kijun Sen line before to buy, using a protective stop loss 5 pips below the Kijun Sen line and take profit once the price breaks in the opposite direction of the Kijun Sen line.
  • Sell Signal: Price needs to be below the Kijun Sen line on both the Daily and the 15-minute time frame. Wait on the 15-minute TF until we have minimum 5 bars below the Kijun Sen line before to sell, using a protective stop loss 5 pips above the Kijun Sen line and take profit once the price breaks in the opposite direction of the Kijun Sen line.

Kijun Sen MT4 Indicator Trading RulesKijun Sen MT4 Indicator Trading Rules

On the above daily EUR/USD chart, the price is trading above the Kijun Sen line and this implies that we’re only going to look at the 15-minute time frame for buy signals. In (chart below) we have the 15-minute EUR/USD chart and some potential trade examples.

Kijun Sen MT4 Indicator - Trading on EURUSD 15 minute chartKijun Sen MT4 Indicator – Trading on EURUSD 15 minute chart

In the above examples we can see that when it comes to measuring the short term price sentiment the Kijun Sen MT4 indicator is very reliable in determining the next move in the market, but we always have to make use of the higher time frame sentiment as this way you can filter a lot of the false signals.

Time Frames
Technically speaking, you can use this indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency.


How to Trade with Kijun Sen


How to Trade with Kijun Sen


Kijun Sen MT4 Indicator Download

We have provided this powerful trend trading indicator to you at no cost. We humbly request for your help to spread the word by sharing on one of the social platforms below. To unlock the download link, you just need to share this page to help us achieve our goal of helping more traders out there.

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Leave us a comment below to let us know your thoughts on this indicator. If you like this indicator, you might like see other indicators that we have carefully selected that will help you in your trading journey.

And if you can, you really should invest in a proven MT4 Expert Advisor to help you generate some profit on full autopilot.

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Visit our Free MT4 Indicator Download page.

We hope you have enjoyed this post as much as we have creating it.

Good luck and thank you for your readership.


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