About the Kijun Candles Trend Indicator
The Kijun Candles Trend Indicator for MT4 uses the Kijun trading method to create trend-following candlesticks on your main chart.
It highlights the overall market direction with two clear colors, making trend analysis fast and intuitive.
Blue candlesticks signal bullish momentum, while red candlesticks signal bearish momentum.
Traders can quickly spot potential entries and exits without complex calculations, making it ideal for beginners and experienced traders alike.
This indicator works on any currency pair and timeframe, helping traders stay aligned with the major trend while monitoring short-term price movements.
Free Download
Download the “Kijun_Candles_Two_Colors.mq4” indicator for MT4
Key Features
- Colored candlesticks indicate trend direction: blue for bullish, red for bearish
- Easy-to-read signals for fast decision-making
- Helps traders enter and exit trades in line with the major trend
- Non-lagging candlestick display for timely signals
Indicator Chart
The chart shows the Kijun Candles Trend Indicator with blue and red candlesticks.
Blue candles suggest bullish market momentum, while red candles indicate bearish momentum.
Traders can align trades with the prevailing trend or use it as a filter for other strategies.
Guide to Trade with Kijun Candles Trend Indicator
Buy Rules
- Enter a buy trade when the first blue candlestick appears on the chart.
- Optionally, wait for two consecutive blue candlesticks for added bullish confirmation.
Sell Rules
- Enter a sell trade when the first red candlestick appears on the chart.
- Optionally, wait for two consecutive red candlesticks for a stronger signal confirmation.
Stop Loss
- Buy: A few pips below the low of the triggering blue candle.
- Sell: A few pips above the high of the triggering red candle.
Take Profit
- Close part of the trade at the next minor resistance (for buys) or support (for sells).
- Let the rest run with a trailing stop following the trend.
- Set a fixed pip target based on the recent candle range if the market is choppy.
- Consider scaling out at multiple levels to lock in partial profits.
Practical Tips
- Highly effective for scalping on lower timeframes like M1–M15.
- Combine with higher timeframe trend confirmation for stronger signals.
- Use alongside momentum indicators to filter weak trend moves.
- Keep trade sizes smaller during quick scalping sessions to manage risk.
Kijun Candles + BB MACD V6 MT4 Scalping Strategy
This scalping strategy combines the Kijun Candles Trend Indicator with the BB MACD V6 Forex Indicator for MetaTrader 4.
The Kijun Candles Trend Indicator identifies bullish and bearish trends through colored candles—blue for bullish and red for bearish.
The BB MACD V6 functions as an oscillator, providing buy signals when the histogram is above zero and sell signals when it is below zero.
Combining these indicators allows traders to scalp short-term price movements effectively.
This strategy works best on M1 and M5 charts and is suitable for major currency pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD.
Buy Entry Rules
- Ensure that the Kijun Candles are blue, confirming a bullish trend.
- Check that the BB MACD V6 histogram is above zero, indicating bullish momentum.
- Enter a buy trade at the current market price.
- Place a tight stop loss below the most recent swing low or minor support level.
- Take profit at 5–15 pips for M1 charts or 10–20 pips for M5 charts, depending on volatility.
Sell Entry Rules
- Ensure that the Kijun Candles are red, confirming a bearish trend.
- Check that the BB MACD V6 histogram is below zero, indicating bearish momentum.
- Enter a sell trade at the current market price.
- Place a tight stop loss above the most recent swing high or minor resistance level.
- Take profit at 5–15 pips for M1 charts or 10–20 pips for M5 charts, depending on volatility.
Advantages
- Combines trend-based candle signals with MACD momentum confirmation for high-probability entries.
- Works well for fast scalping on short timeframes.
- Clear visual signals make it easy to follow for beginners.
- Applicable to multiple major currency pairs for flexibility.
Drawbacks
- Fast market spikes or news events can hit stop losses before the trend continues.
- Requires constant monitoring due to the rapid nature of scalping trades.
- Multiple signals may appear during small retracements, potentially causing overtrading.
- Less effective on very low-liquidity pairs or sessions with thin market activity.
Case Study 1 – EUR/USD M1
The Kijun Candles turned blue, indicating a bullish trend.
The BB MACD V6 histogram was above zero, confirming momentum.
A buy trade was entered at 1.1052, with a stop loss at 1.1048 and a take profit at 1.1062.
The trade moved in favor and hit the take profit within 10 minutes for a 10-pip gain.
Case Study 2 – GBP/USD M5
The Kijun Candles turned red, signaling a bearish trend.
The BB MACD V6 histogram was below zero, confirming bearish momentum.
A sell trade was entered at 1.2995, with a stop loss at 1.3005 and a take profit at 1.2985.
The price dropped as expected, reaching the take profit within 15 minutes for a 10-pip gain.
Strategy Tips
- Always trade in the direction of the Kijun candle color to avoid counter-trend entries.
- Use M1 and M5 charts for scalping and adjust take profit according to current market volatility.
- Focus on high-liquidity currency pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD.
- Combine with nearby support and resistance levels for better stop loss and take profit placement.
Download Now
Download the “Kijun_Candles_Two_Colors.mq4” indicator for Metatrader 4
FAQ
How do the candlestick colors work?
Blue candlesticks indicate upward momentum, suggesting potential buy opportunities, while red candlesticks signal downward momentum, indicating potential sell opportunities.
Can I use this indicator for short-term scalping?
Yes, the indicator works well for scalping, especially on lower timeframes, as it highlights quick trend changes and helps capture short-term moves.
Is it suitable for volatile markets?
Absolutely. The Kijun Candles adapt to market swings, showing clear trend direction even during periods of high volatility.
Does it give alerts for trend changes?
Yes, the color switch of the candlesticks acts as a visual alert for potential trend reversals, helping traders time entries and exits efficiently.
Summary
The Kijun Candles Trend Indicator for MT4 transforms your chart into a clear, trend-following visual tool.
It highlights bullish and bearish momentum through blue and red candlesticks, allowing traders to act on trend changes quickly.
This indicator is practical for beginners and experienced traders seeking a straightforward way to follow market direction.
