Jevel Trend Bar Metatrader 4 Forex Indicator

The Jevel Trend Bar forex indicator is an histogram bar signals indicator that works for any currency pair.

The indicator draws green and orange bars in a separate Metatrader 4 window.

  • A bullish trend occurs when the Jevel Trend FX indicator draws a green bar
  • A bearish trend occurs when the Jevel Trend FX indicator draws an orange bar

Trading this forex indicator is utterly simple, even for beginners:

  • Buy when a green bar appears on the chart
  • Sell when an orange bar appears on the chart

The Jevel Trend can be traded as a standalone indicator or together with other technical indicators/analysis tools.

You can deploy this indicator on any timeframe starting from the 1-minute charts and higher.

It’s good for scalping, day trading and swing trading.

Free Download

Download the jevel-histogram.mq4” MT4 indicator

Example Chart

The EUR/USD 15-minute chart below displays the Jevel Trend Bar Metatrader 4 Forex indicator in action.

Basic Trading Signals

Signals from the Jevel Trend Bar MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Buy the currency pair when the Jevel Trend indicator draws a green histogram bar (bullish trend).

Sell Signal: Sell the currency pair when the Jevel Trend indicator draws a red histogram bar (bearish trend).

Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.

Download

Download the jevel-histogram.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (Length, Price) Colors, width & Style.

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

Type: Trend

Installation

Copy and paste the jevel-histogram.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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