The Kijun Sen indicator for MT4 isolates the Kijun-Sen line from the Ichimoku indicator and displays it on the price chart. This allows forex traders to focus solely on the Kijun-Sen and price crossover signals, without the distraction of the other Ichimoku components. It is especially useful for Trend Following, support/resistance identification, and entry/exit timing.
The indicator is suitable for both new and experienced traders, though beginners should familiarize themselves with Ichimoku and Kijun-Sen trading strategies before applying the signals. It works on all chart timeframes and supports Scalping, short-term, and long-term trading strategies.
How It Works
- Kijun-Sen line: Drawn as a blue line on the price chart
- Trend indication:
- Price above Kijun-Sen → bullish market
- Price below Kijun-Sen → bearish market
- Support And Resistance: Kijun-Sen acts as a dynamic level to trade off
Trading Strategy
- Price Crossover Entry:
- Bullish crossover: Price moves above Kijun-Sen → enter buy trade with stop below previous swing low
- Bearish crossover: Price moves below Kijun-Sen → enter sell trade with stop above previous swing high
- Trend Following:
- Use Kijun-Sen as a trend filter for higher timeframe trades
- Ride the trend and exit at opposite crossover for profit
- Support/Resistance Strategy:
- Enter trades near Kijun-Sen bounce points for trend continuation or reversal setups
Benefits and Features
✔ Isolates Kijun-Sen line for focused trading
✔ Identifies trend direction and strength efficiently
✔ Acts as dynamic support and resistance
✔ Easy for trend following and crossover strategies
✔ Works on all intraday and higher timeframes
✔ Suitable for scalping, swing, and long-term trading
Conclusion
The Kijun Sen indicator for MT4 is a simplified Ichimoku tool that allows traders to concentrate on the Kijun-Sen line for trend identification, support/resistance, and price crossovers. It is a valuable indicator for trend-following strategies and helps traders make clearer, more disciplined trading decisions.
