About the Bulls Vs Bears Forex Signals Indicator
The Bulls Vs Bears Forex Signals Indicator for MetaTrader 4 is a momentum-driven tool based on the classic Bulls Vs Bears market concept.
It measures buying and selling pressure and translates that data into a dual-colored histogram that highlights active market direction.
Instead of plotting raw values, the indicator displays momentum shifts using blue and red histogram bars.
Blue bars signal that bulls are in control, while red bars show that bears are dominating price movement.
This makes trend transitions easier to spot without cluttering the chart.
The default period setting of 14 works well for scalping and day trading, offering responsive signals.
For swing trading, increasing the period to 20 or higher smooths the histogram and helps capture broader momentum moves.
The indicator adapts well across different trading styles and timeframes.
Free Download
Download the “iBearsBulls_Advanced_Histo_v1.0.ex4” MT4 indicator
Key Features
- Based on the traditional Bulls Vs Bears momentum concept.
- Dual-colored histogram for buy and sell signals.
- Adjustable period for scalping or swing trading.
- Works on all MT4 currency pairs and timeframes.
Indicator Chart
The chart below shows the Bulls Vs Bears Forex Signals Indicator applied to a price chart.
The histogram alternates between blue and red as momentum shifts.
The first bar after a color change often highlights the start of a new directional move, helping traders time entries and exits.
Guide to Trade with Bulls Vs Bears Forex Signals Indicator
Buy Rules
- The histogram changes color from red to blue.
- Bullish momentum begins to dominate price action.
- Enter the trade at the first or second blue bar.
Sell Rules
- The histogram changes color from blue to red.
- Bearish momentum begins to dominate price action.
- Enter the trade at the first or second red bar.
Stop Loss
- Place the stop loss beyond the most recent swing low for buy trades.
- Place the stop loss beyond the most recent swing high for sell trades.
- Alternatively, use an average range or candle-based stop for volatile markets.
Take Profit
- Set take profit near the next key support or resistance zone.
- Use a fixed reward-to-risk ratio of at least 2:1.
- Trailing stops can be applied while the histogram maintains the same color.
Bulls vs Bears + Zero Lag MACD MT4 Day-Trading Strategy
This MT4 day-trading strategy combines the trend direction from the Bulls vs Bears Forex Signals indicator with the momentum clarity of the Zero Lag MACD.
Both indicators complement each other well.
The Bulls vs Bears histogram gives a clear picture of which side dominates the market. When the bars turn blue, buyers are stronger, and when they turn red, sellers are in control of the trend.
The Zero Lag MACD helps you confirm the strength behind each movement by showing if the momentum is above or below the zero line.
It works on M15, M30, and H1 charts, which gives you enough time to analyze signals without the rush of scalping.
Buy Entry Rules
- The Bulls vs Bears histogram must be blue to confirm a bullish trend.
- Zero Lag MACD must be above zero to confirm bullish momentum.
- Enter a buy position when both conditions align.
- Place the stop loss below the most recent swing low.
- Take profit using a 1:1.5 or 1:2 risk-to-reward ratio (example: 25 pip stop equals 37–50 pip target).
Sell Entry Rules
- The Bulls vs Bears histogram must be red to confirm a bearish trend.
- Zero Lag MACD must be below zero to confirm downward momentum.
- Open the sell position when both confirmations occur.
- Stop loss goes above the most recent swing high.
- Take profit using the same 1:1.5 or 1:2 risk-to-reward structure.
Advantages
- Provides clear, color-based confirmation signals.
- Filters out weak setups by requiring trend and momentum alignment.
- Well-suited for intraday trading on M15 to H1.
- Performs best during high-volume trading sessions.
- Easy to understand, even for beginners.
Drawbacks
- It can give fewer signals in ranging or slow markets.
- MACD hovering around zero may confuse consolidation.
- Not recommended during major news events due to unpredictable spikes.
Example Case Study 1: EURJPY on H1
In the European morning, EURJPY started forming a steady upward movement after several hours of sideways action.
The Bulls vs Bears histogram turned blue first, indicating buyers were taking control.
A few candles later, the Zero Lag MACD crossed firmly above zero, confirming fresh bullish momentum.
A buy entry was opened at candle close, with the stop loss placed under the minor pullback.
Over the next hours, EURJPY climbed almost 50 pips without a deep retracement, and the take-profit target was hit cleanly.
Example Case Study 2: AUDUSD on M30
During the early New York session, AUDUSD broke out of a tight range.
The Bulls vs Bears histogram turned red, showing sellers were exerting pressure.
Shortly after, the Zero Lag MACD dropped below zero and held the bearish momentum.
A sell trade was triggered once both indicators aligned. The stop loss was placed above a nearby swing high.
The pair then moved steadily lower and reached the take profit level after a 35-pip decline, offering a smooth intraday trend continuation.
Strategy Tips
- Focus on liquid pairs such as EURJPY, AUDUSD, or GBPUSD for cleaner movement.
- Avoid trading during or immediately before high-impact news releases.
- Use session timing to your advantage, especially London and New York overlaps.
- Backtest the ideal stop and target distances on your preferred pair.
- Stay patient and only take entries when both indicators confirm the setup.
- Watch overall market conditions; trending environments give the best results.
Download Now
Download the “iBearsBulls_Advanced_Histo_v1.0.ex4” Metatrader 4 indicator
FAQ
How does this indicator differ from standard momentum oscillators?
Instead of showing numerical values, it converts momentum into a color-coded histogram, allowing faster interpretation of market pressure.
Does the Bulls Vs Bears Histogram repaint?
No, once a histogram bar is printed, it remains fixed and does not change retroactively.
Can the indicator be combined with trend confirmation tools?
Yes, it pairs effectively with moving averages, higher timeframe trend analysis, or support and resistance levels.
Summary
The Bulls Vs Bears Forex Signals Indicator for MT4 provides a streamlined way to track buying and selling pressure using a simple histogram format.
Its color-based signals help traders react quickly to momentum changes.
With adjustable settings and compatibility across all timeframes, the indicator offers flexibility for different trading approaches.
When combined with disciplined risk management and broader market context, it can be a useful addition to a momentum-focused trading strategy.
