Linear Price Bar is a free MT4 (Metatrader 4) indicator that displays blue and red candlesticks in the bottom window of the trading platform.
It gives you a great overview of the overall trend and works across all time frames and MT4 symbols.
- Blue colored candlesticks are bullish.
- Red colored candlesticks are bearish.
The Linear Price Bar indicator can be used for trade entries and exits or as a candlestick-based price action filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Linear_Price_Bar.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Linear Price Bar mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Linear Price Bar 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: Candlestick
Does the indicator repaint? No.
Download Now
Download the “Linear_Price_Bar.mq4” indicator for Metatrader 4
