Ichimoku Kinko Hyo System indicator developed by Goichi Hosoda is based on the popular Ichimoku Kinko Hyo trading principles.
It’s a complete system that gives you buy and sell signals for every currency pair and time frame.
It’s composed of three main sections: 1) Overall trend direction, 2) open and short positions, 3) support and resistance levels.
BUY: Wait for the indicator to open a new buy position.
SELL: Wait for the indicator to open a new sell position.
GBP/USD 4 Hour Chart Example
How to install the Ichimoku Kinko Hyo System custom indicator in Metatrader 4?
- Download the Ichimoku Kinko Hyo System.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.