Summary of "🔹 Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator for MT4/5 - [TFlab]"

The video presents a detailed tutorial and overview of the Tenkan Sen Kijun Sen Histogram Alerts Arrows Indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the Trading Finder website. Key technological and functional aspects include:

Indicator Basis: An advanced tool derived from the Ichimoku indicator, utilizing Tenkan Sen and Kijun Sen lines for its calculations.
Visual Features:
- A histogram displayed below the price chart shows positive values in green and negative values in red.
- Color variations indicate trend strength and momentum:
  - Bold green bars for increasing positive values.
  - Light green bars for decreasing positive values.
  - Bold red bars for decreasing negative values.
  - Orange bars for increasing negative values.
Signal Generation: The indicator produces buy/sell signals when histogram values switch from positive to negative or vice versa.
Alerts System:
- Users can enable or disable alerts.
- Alerts can be configured to trigger while the candle is still forming or only after it closes.
- Multiple alert types are supported: on-screen messages, sound alerts (with selectable sound files), and email alerts (requiring prior email setup in MetaTrader).
Inputs and Customization:
- Adjustable calculation periods for Tenkan Sen and Kijun Sen.
- Toggle options for enabling/disabling alerts and their types.
Trade Management Guidance: Signals can be used to enter trades and also to exit existing trades when an opposite signal occurs.