Fat Spider Indicator - Ichimoku-Based Trading Signals

Overview

The Fat Spider is a custom MetaTrader 4 (MT4) indicator that provides buy/sell signals based on the Ichimoku Kinko Hyo system. It enhances the standard Ichimoku by adding clear arrow signals when specific bullish or bearish conditions are met.

Key Features

✅ Clear Buy/Sell Arrows – Blue (▲) for buy signals, Red (▼) for sell signals.

✅ Ichimoku Cloud Confirmation – Uses Senkou Span A/B (Kumo Cloud) and Chikou Span for trend validation.

✅ Dynamic Range Calculation – Adjusts signal placement based on recent price volatility.

✅ Works on All Timeframes – Effective on M15, H1, H4, and higher.

How It Works

The indicator scans for two main conditions:

1. Buy Signal (Blue Arrow)

Price closes ABOVE the Kumo Cloud (Senkou Span A or B).

Chikou Span (26-period lagging line) is ABOVE the Kumo Cloud (confirming trend strength).

Kumo Cloud was bullish 26 periods ago (historical confirmation).

2. Sell Signal (Red Arrow)

Price closes BELOW the Kumo Cloud (Senkou Span A or B).

Chikou Span (26-period lagging line) is BELOW the Kumo Cloud (confirming trend weakness).

Kumo Cloud was bearish 26 periods ago (historical confirmation).

The arrows are placed below the low (for buys) and above the high (for sells) to avoid cluttering the chart.

How to Use This Indicator

Apply to Chart – Attach the indicator to any MT4 chart (works best on H1 or H4).

Wait for Signals – Look for blue (buy) or red (sell) arrows.

Confirm with Price Action – Check if the trend aligns with the Ichimoku cloud.

Set Stop Loss & Take Profit – Use the Kumo Cloud as dynamic support/resistance.

Recommended Trading Strategy

Trend-Following: Trade in the direction of the Kumo Cloud (green = bullish, red = bearish).

Filter with Chikou Span: Avoid trades if Chikou Span contradicts the signal.

Combine with RSI/MACD: For extra confirmation on overbought/oversold conditions.

Indicator Settings

ParameterDescriptionDefault Value

Indicator BuffersStores arrow data4

Arrow ColorsBlue (Buy), Red (Sell)Default

Ichimoku Periods(9, 26, 52)Standard Ichimoku

(Note: This indicator has no external inputs—it works automatically.)

Indicator Philosophy

🔹 "Let the Kumo Cloud guide your path, and the Fat Spider show you when to strike!"

This indicator is designed for swing traders and trend followers who want clear, Ichimoku-confirmed entries without manual analysis.

Optimization Tips

Use on Higher Timeframes (H4/D1) – Reduces false signals.

Avoid Trading in Flat Markets – The Kumo Cloud should be expanding, not thin.

Combine with Volume Analysis – Increases signal reliability.

🚀 Happy Trading! 🚀

Would you like a backtest report or additional customization options? Let me know!