The Kijun Candles with two colors indicator for Metatrader 4 uses the Kijin trading method to draw trend-following candlesticks on the main chart.
The indicator pops up in the main MT4 chart window as blue and red colored candlesticks that follow the overall trend direction of any pair.
Buying and selling pairs with the Kijun Candles indicator is simple, even for absolute beginners.
Buy & Sell Trade Example
- Open a buy trade as soon as the first blue candlestick appears on the chart.
- Open a sell trade as soon as the first red candlestick appears on the chart.
The Kijun Candles indicator can be used for both trade entry and exit, or as an additional trend confirmation filter for other strategies and systems.
For scalping, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Kijun_Candles_Two_Colors.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The picture below shows the Kijun Candles mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Kijun Candles indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Candlestick
Does the indicator repaint? No.
Download Now
Download the “Kijun_Candles_Two_Colors.mq4” indicator for Metatrader 4
