Home Forex Indicators Forex MT4 Indicators Kijun Sen and Envelope Indicator for MetaTrader 4 Platform

Kijun Sen and Envelope Indicator for MetaTrader 4 Platform

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Introduction:

This indicator draws: 1 Kijun Sen + 1 Envelope + 3 Price Labels.

The Kijun Sen, Envelope and Price Labels can be shown/hidden as required.

Envelopes can be used to identify:

Price ranging;
Overbought price levels;
Oversold price levels;
Take Profit levels;
Stop Loss Levels.
Lower timeframes will require higher Kijun Sen periond and lower Envelope deviation, higher timeframes lower Kijun Sen period and higher Envelope deviation. Adjust according to user preference.

Note: Kijun Sen functions well in trending markets. Be aware of chop during ranging markets.

Also available for MetaTrader 5:

Kijun Sen + 1 Envelope
Kijun Sen + 3 Envelopes.
Image: Kijun Period = 26, Envelope Deviation = 4000, Timeframe = Daily
Installation:

1. Copy “Kijun Sen and Envelope.mq4” file to C:/Program Files/MetaTrader4/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “Kijun Sen and Envelope.mq4” to the
chart of any currency pair.

Click to Download: Kijun_Sen_and_Envelope.zip

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Its very important to understand forex news and market movement.
Please read Installation And User Guide Of “Forex Pips Magnet Indicator” carefully do not skip any single page.
Before using indicators first use it on demo account , keep update yourself and analysis it to use live account (Micro).

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