This is the MT4 version.

The MT5 version is here⇒https://www.gogojungle.co.jp/tools/indicators/68847

In FX and binary options trading, the horizontal line commonly noticed is the “Kiri-beta’

Indicator that automatically draws a horizontal line at the Kiri-beta

This is a capture of the actual MT4 chart after setting the indicator. There are customization features as well, so you can adjust the appearance to your liking. We will explain how to set it up gradually.

Version information

October 25, 2024: Ver.1.00 released for free

This indicator is distributed for free. There are no distribution conditions, so anyone can download and use it. However, since occasionally people sell tools that are distributed for free, the following is written to prevent fraud losses.

General

No changes are necessary, so leaving it at default is fine.

Parameter input

We have enabled settings for lines and buttons. Please use it according to your environment and preferences.

Line settings

【Kiri-beta Pips】 This can accept numerical input, so you can set it with your preferred value besides the Kiri-beta itself. The default is based on USD/JPY, so by default 100 equals 100 Pips (one yen in forex). For gold or other instruments, adjust by setting the value to, for example, “1000” depending on the instrument displayed.