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Re: Ichimoku Indicators for MT4

Banzai, Wed Oct 27, 2021 5:11 am

from wiki:

Tenkan-sen (転換線) calculation: (highest high + lowest low)/2 for the last 9 periods.

It is primarily used as a signal line and a minor support/resistance line. Tenkan Sen (red line): This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods. The Tenkan Sen is an indicator of the market trend. If the red line is moving up or down, it indicates that the market is trending. If it moves horizontally, it signals that the market is ranging.
AHTF = Automatic Higher Time Frame
Tenkan-Sen (alerts AHTF).mq4
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