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Ichimoku Kijun Sen Candle Break Alerts

Article MQL5 code base

Summary

The document describes an alert indicator built around the Ichimoku Kijun Sen line. It sends email and push notifications when a candle crosses the line, with the indicator changing the candle’s color to the opposite color at the crossing. The stated purpose is to flag a possible channel break as it occurs, and the captions refer to a break on the first bar and to activating an alert.

This is an alerting rule rather than a full trading system: the text does not define how to enter or exit a position, set stops, or interpret the signal in different market conditions. It supplies no historical testing, win rate, or comparison with other Ichimoku signals. A crossing can identify a change in price behavior, but the document does not establish that it predicts continued movement or that the color change has independent informational value. The description is brief and leaves the indicator’s precise candle-color logic unspecified beyond its relation to the crossing.

Key ideas

  • The indicator watches for candles crossing the Ichimoku Kijun Sen line.
  • A crossing triggers email and push notifications.
  • The candle color changes to the opposite color when the described signal occurs.
  • The document gives no rules for trading the alert or evidence of its predictive performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.