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Trendbar Metatrader 4 Forex Indicator

    The Trendbar forex indicator for Metatrader 4 is composed of ADX and PSAR (Parabolic Sar).

    The indicator displays the prevailing trend for any currency pair and timeframe.

    There are 3 possibilities:

    • A green small box represents a bullish trend.
    • A red small box represent a bearish trend.
    • A yellow box represents a flat trend.


    All boxes colored green represent a strong bullish trend. All timeframe’s are bullish.

    All boxes colored red represent a strong bearish trend. All timeframe’s are bearish.

    A mix of green and yellow boxes represent a weak uptrend.

    A mix of red and yellow boxes represent a weak downtrend.

    A mix of red, green and yellow boxes represent a range-bound market.

    Free Download

    Download the gg-trendbar.mq4” MT4 indicator

    Example Chart

    The EUR/USD 1-hour chart below displays the Trendbar Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the Trendbar MT4 indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy position when ALL MT4 trend boxes are colored green. Place a stop-loss below the previous swing low price.

    Sell Signal: Open sell position when ALL MT4 trend boxes are colored red. Place a stop-loss above the previous swing high price.

    Trade Exit : Use your own method of trade exit.


    Download the gg-trendbar.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (ADX period, ADX price, step Psar) 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


    Copy and paste the gg-trendbar.mq4 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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