The free Cynthia’s Trend Bars indicator for mt4 (Metatrader 4) is an amazing trend indicator that shows the trend with the help of colored candlesticks.
The indicator appears in the main MT4 chart window as a colored green and purple candlesticks.
Cynthia’s Trend Bars can be used in multiple ways.
Here’s a typical buy and sell example:
- Go long as soon as the first green candlestick appears on the chart.
- Go short as soon as the first purple candlestick appears on the chart.
The Cynthia’s Trend Bars indicator can be used for both entry and exit signals or to confirm buy & sell trade setups issued by your favorite trading systems or strategies.
For scalping and day trading purposes, the indicator tends to produce the best results in the London and U.S. trading sessions.
The indicator works equally well on all Forex pairs and shows promising results if used correctly.
Free Download:
Download the “cynthias-trend-bars.ex4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
The example chart below displays the Cynthia’s Trend Bars mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Cynthia’s Trend Bars Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does it repaint? No.
Download Now:
Download the “cynthias-trend-bars.ex4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the cynthias-trend-bars.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.