VQ Candlestick Bars Metatrader 4 Forex Indicator

The VQ Candlestick Bars Metatrader 4 forex indicator is built on moving averages, as shown within its MT4 code.

It is an indicator that helps determine trend direction and possible reversals.

It is a visually scintillating indicator that gets displayed within the activity chart as green or red bars.

These colored bars are superimposed on the candlesticks.

A green bar defines a bullish trend while a red bar points to a bearish signal.

The VQ Bars indicator is suitable for any timeframe and currency pair.

Works for scalping, day trading and swing trading purposes.

Free Download

Download the “vq-bars.ex4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the VQ Candlestick Bars Metatrader 4 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the VQ Candlestick Bars Metatrader 4 forex indicator displays green bars within the activity chart.

Sell Signal: Go short when the VQ Candlestick Bars Metatrader 4 forex indicator displays red bars within the price chart.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the VQ Bars indicator displays a red bar.

Exit sell trade: Close all sell orders if while a bearish trend is running, the VQ Bars indicator pops up a green bar.

Tips: Using the VQ Candlestick Bars indicator can offer forex traders a serious advantage when executing a trading strategy.

Traders can always stay in the know as to when a trend is beginning and when a reversal is also occurring.

Download

Download the “vq-bars.ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (Length, Method, Smoothing, Filter, Steady), width & Style.

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

Type: trend | reversals

Installation

Copy and paste the vq-bars.ex4 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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