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// ICHIMOKU.MQ5
What is Ichimoku?
Ichimoku Kinko HyoTrend
A complete system in one indicator: trend, support/resistance and entry signals in the same view.
A multi-line system giving an overall view of trend, support/resistance and momentum on one chart.
TenkanKijunSenkou ASenkou BChikouEMA 14Illustrative data — not real market data, not a trading signalTenkanKijunSenkou ASenkou BChikouEMA 14Illustrative data — not real market data, not a trading signal
Illustrative signals of the rule on simulated data — not a trading recommendation.
Rule: Tenkan crosses above Kijun: buy; crosses below: sell. The cloud gives the trend context at the signal candle. Entry = close of the signal candle; SL = entry ∓ 1.5 × ATR(14); TP1/TP2/TP3 = 1R/2R/3R.
CONCEPT ILLUSTRATION · Signal rule: Tenkan crosses above Kijun: buy; crosses below: sell. The cloud gives the trend context at the signal candle.Tenkan crosses above Kijun → BUY signal · 9 · 26PriceTenkan (9)Kijun (26)Kumo
Three reasons Ichimoku Cloud is still used after decades.
Everything in one look
No need to stack other indicators to see the trend and resistance zones.
The cloud is a zone, not a line
Support and resistance appear as a band with thickness, closer to reality than a single line.
It has a time dimension
The cloud is pushed forward, so it shows the expected resistance zone for coming sessions.
// READING_SIGNALS
How to read Ichimoku Cloud signals
How Ichimoku Kinko Hyo produces its number, and what each shape on the chart means.
Formula and how it works
Tenkan-sen and Kijun-sen are the midpoints of the highest high and lowest low over 9 and 26 periods. Senkou A (the average of Tenkan and Kijun) and Senkou B (the 52-period midpoint) are shifted 26 candles forward to form the cloud (Kumo). Chikou is the close shifted 26 candles back for comparison with the past.
How to use it in an EA
Price above the cloud = uptrend, below the cloud = downtrend. A Tenkan/Kijun cross is the entry signal; the cloud's thickness shows the strength of support/resistance.
Fits when
Higher timeframes (H4 and above) with trends lasting many sessions.
Struggles when
Low timeframes and noisy markets. Price keeps moving in and out of the cloud, so there is no stable context to follow.
Price is above the cloudUptrend context; below the cloud is downtrend context.
CONCEPT ILLUSTRATION · Price is above the cloudTenkan / Kijun and price relative to the Kumo · 9 · 26PriceTenkanKijunKumo
Tenkan crosses above KijunAn entry signal; much more reliable when it happens on the same side as the cloud.
A thick cloudA strong resistance zone; harder for price to break through than a thin cloud.
CONCEPT ILLUSTRATION · A thick cloudA thick Kumo creates a stronger resistance zone · 9 · 26PriceTenkanKijunKumo
Price is inside the cloudNo clear trend. This is a zone to stay out of.
CONCEPT ILLUSTRATION · Price is inside the cloudPrice inside the Kumo → the trend is unclear · 9 · 26PriceTenkanKijunKumo
Common mistakes
Using only the Tenkan/Kijun cross and ignoring where price sits relative to the cloud. Without the cloud, Ichimoku is just a pair of moving averages.
// PARAMETERS
Recommended MT5 parameters for Ichimoku Cloud
Default values of the sample file; test them for your market and timeframe.
Parameter
Description
InpTenkan
Tenkan-sen period (default 9).
InpKijun
Kijun-sen period and cloud shift (default 26).
InpSenkouB
Senkou Span B period (default 52).
// INSTALL
Put the indicator into MetaTrader 5
Four steps, no software needed besides MT5.
01Download the .mq5 file
Click the download button above; the file saves to your computer under the indicator's name.
02Open the data folder
In MetaTrader 5 choose File → Open Data Folder, then go to MQL5/Indicators.
03Compile
Open the file in MetaEditor and click Compile. No errors means the indicator is ready.
04Drag it onto the chart
Go back to MT5, refresh the Navigator and drag the indicator onto the price chart.
📄 ichimoku.mq5
DinexSpace wrote this file from the indicator's public formula, not from any commercial source. You are free to edit and reuse it.
// THE_DIFFERENCE
How it differs from MetaTrader 5's built-in indicator
The short answer: the formula is not different. What differs is what you can do with it.
Ichimoku Cloud here gives exactly the same number as MetaTrader 5's built-in version — on purpose. The four points below are what differs, and all four can be read from the very ichimoku.mq5 you download.
Calls a built-in indicator
No — the calculation sits in OnCalculate and can be copied straight into an EA
External libraries
Not a single #import declaration
Code length
68 lines · 3 input parameters
How it draws
Drawn over the price chart · calculated incrementally, does not redraw the past
On its own it is enough to identify the trend, resistance zones and entry points. What it lacks is risk management — stop-loss distance and position size. That is why the most common pairing is Ichimoku with ATR.
What should I do when price is inside the cloud?+
Stay out. Being inside the cloud means there is no clear trend, and this is exactly where all of Ichimoku's signals are least reliable.
Does Ichimoku Cloud on this page use real or simulated data?+
The chart on this page uses a deterministic simulated candle series; it is not market prices or trading results.
Using Ichimoku Cloud in an EA, and further reading
An indicator draws signals, but when to enter, where to stop out and how much to risk are still your set of rules. Send those rules and DinexSpace builds them into an EA.
