Detrended Synthetic Price Histogram Metatrader 4 Forex Signals Indicator

The Detrended Synthetic Price Histogram indicator follows the buy/sell trend on any pair and for any timeframe.

The indicator displays green and red bars in a sub window below the main MT4 chart.

Green bars to buy and red bars to sell.

The blank space between the green and red bars means a range-bound trading zone.

Free Download

Download the “Detrended_Synthetic_Price_0histos.mq4” MT4 indicator

Example Chart

The EUR/USD H1 chart below shows the Detrended Synthetic Price Histogram forex indicator in action.

Basic Trading Signals

Buy Signal: Go long at the first green bar.

Sell Signal: Go short at the first red bar.

Exit buy trade: Close buy trades at the first red bar (bearish reversal signal)

Exit sell trade: Close sell trades at the first green bar (bullish reversal signal)

Download

Download the “Detrended_Synthetic_Price_0histos.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (DSP period, DSP price, Signal period, Change color on) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Signals indicator

Installation

Copy and paste the Detrended_Synthetic_Price_0histos.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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