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Re: Ichimoku Indicators for MT4

Banzai, Mon Oct 25, 2021 12:07 pm

Kijun-sen + Envelope

coder: Phylo
released date: June 12, 2013
The Kijun Sen traditional default period of 26 is optimized for the daily timeframe. Lower timeframes require appropriate parameter adjustments.
For lower timeframes the Kijun Sen period can to be increased to 34, 52, 78, 100 etc., and Envelope deviation lowered.
HR1 & HR2 periods fair better than lower in long run. See GBPUSD, GBPAUD, EURAUD - view HR2 chart history for assessment - test Kijun Sen 50, 100 etc., or use multiple Kijun Sen.
Inputs and Parameters:

Kijun_Sen_Period - 26;
Envelope_Deviation - 4000;
Envelope_Upper_Label_Color - LimeGreen;
Kijun_Sen_Label_Color - DodgerBlue;
Envelope_Lower_Label_Color - Red;
Text_Size - 12;
Make_Text_Bold - true;
Move_Text_Right - 25;
Show_Top_Envelope_Band - true;
Show_Kijun_Sen - true;
Show_Bottom_Envelope_Band - true;
Show_Labels - true;
Kijun-Sen + Envelopes - rev1.mq4
(4.57 KiB) Downloaded 173 times
Kijun-Sen Envelope.png
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