The Tenkan-sen and Kijun-sen cross is the core Ichimoku trigger. The tenken sen kijun hist mtfalertsarrows indicator draws both lines, watches their difference, and marks a cross only when the same two lines on the H4 chart point the same way. A switch removes the H4 check.
This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.
| Platforms | MT4 (.ex4) + MT5 (.ex5) |
|---|---|
| Chart window | Main price chart |
| Plots | 4: Tenkan-sen, Kijun-sen, Buy, Sell |
| Alerts | popup, push notification, email, sound |
| Inputs | 11 |
Its visible parts
Two lines and two marks on price.
`Tenkan-sen` traces dodger blue at width 2.
`Kijun-sen` traces orange red at width 2.
`Buy` flags an agreeing cross up in lime.
`Sell` flags an agreeing cross down in red.
`ArrowGapMult` `1.0` spaces the marks.
- Tenkan-sen: line, dodger blue, width 2
- Kijun-sen: line, orange red, width 2
- Buy: arrow, lime, width 2, arrow code 233
- Sell: arrow, red, width 2, arrow code 234
The mechanism
Tenkan and Kijun
`TenkanPeriod` `9` and `KijunPeriod` `26` each take the midpoint of the highest high and lowest low over their window.
Cross
A buy needs Tenkan to move from at or below Kijun to above it on a closed bar.
H4 check
With `UseMTF` on, the `HigherTF` `PERIOD_H4` Tenkan must also sit at or above its Kijun for a buy.
Making sense of the output
Blue above orange red means short-term strength.
A lime mark is a cross up that H4 agrees with.
A red mark is a cross down that H4 agrees with.
Crosses against H4 stay unmarked.
Both lines flatten in ranges.
Warm-up needs about twenty-six bars.
Alert channels in this build: popup, push notification, email and sound, one message per closed bar.
Agreeing crosses report once per closed bar. `EnableAlerts` is the master switch, with only the popup enabled by default.
Every Tenken Sen Kijun Hist Mtfalertsarrows Indicator input
Core settings
| Setting | What it does | Default |
|---|---|---|
TenkanPeriod |
Tenkan-sen (conversion) period. Conversion line window, `9`. | 9 |
KijunPeriod |
Kijun-sen (base) period. Base line window, `26`. | 26 |
UseMTF |
require higher-TF Tenkan/Kijun agreement. Require H4 agreement, `true`. | on |
HigherTF |
higher timeframe for confirmation. Confirmation timeframe, `PERIOD_H4`. | PERIOD_H4 |
Display settings
| Setting | What it does | Default |
|---|---|---|
ArrowGapMult |
arrow offset as multiple of bar range. Mark gap in bar ranges, `1.0`. | 1.0 |
Alert settings
| Setting | What it does | Default |
|---|---|---|
EnableAlerts |
Master alert switch, `true`. | on |
EnablePopup |
Popup, `true`. | on |
EnablePushNotify |
Phone route, `false`. | off |
EnableEmail |
Email route, `false`. | off |
EnableSound |
Speaker, `false`. | off |
SoundFile |
(see inputs panel) | alert.wav |
Which chart to load it on
Ichimoku was designed for daily charts, but the cross works on hourly ones too. On the hourly EURUSD screenshot, agreeing crosses come a few times a week. On M15 set `HigherTF` to H1.
Its blind spots
Crosses inside flat lines whipsaw.
The H4 check can block early turns.
Cloud and Chikou are not drawn.
Only the popup starts enabled.
Copy the compiled Tenken Sen Kijun Hist Mtfalertsarrows Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.
Background reading on the method behind the Tenken Sen Kijun Hist Mtfalertsarrows Indicator: Ichimoku Cloud at Investopedia, Ichimoku Kinko Hyo on Wikipedia.
Download the Tenken Sen Kijun Hist Mtfalertsarrows Indicator for MT4 and MT5
The zip holds the compiled Tenken Sen Kijun Hist Mtfalertsarrows Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.
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FAQ
What range do TenkanPeriod 9 and KijunPeriod 26 use?
Each line is the midpoint of the highest high and lowest low over its window: nine bars for Tenkan-sen and twenty-six for Kijun-sen. Neither is an average of closes.
What does UseMTF add to the cross?
It asks the H4 Tenkan and Kijun to agree. A cross up on your chart only prints if the H4 Tenkan is at or above its Kijun at that time.
Are the cloud and Chikou part of this Tenkan build?
No. It draws only Tenkan-sen and Kijun-sen and marks their crosses. The cloud and the lagging Chikou line are left out to keep the chart focused on the cross itself.
Does UseMTF work with a daily HigherTF?
Yes. Set `HigherTF` to D1 and crosses then need the daily Tenkan and Kijun to agree. That suits H4 charts and filters out more counter-trend crosses than the H4 default.
Are results guaranteed?
No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the Tenken Sen Kijun Hist Mtfalertsarrows Indicator as one input. Always backtest before trading live.
Category: this is part of our Signal and Forecast collection. Browse more Signal and Forecast for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- The core method is documented in Crawling peg on Wikipedia.
- Additional market context is at Stock Market Cycles at StockCharts ChartSchool.
About the author
Written by Dominic Walsh, a Forex trader and MT4/MT5 indicator, Expert Advisor and script developer. Every tool on forexmt4systems.com is tested on live charts before release and ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Learn more about the trader and developer behind this site.
How we build, test and correct every tool: Editorial & Testing Policy. Trading carries risk; see the disclaimer.