About the Inbar Signals Forex Indicator
The Inbar Signals Forex Indicator for MT4 provides accurate trend reversal signals based on Inbar formations.
It plots blue and red arrows directly on the chart, helping traders spot potential buy and sell opportunities quickly and efficiently.
The indicator simplifies decision-making and helps capture trend reversals without complex analysis.
Beginner-friendly and easy to use, the indicator works across all currency pairs and timeframes.
By following the arrows and reversing positions when opposite signals appear, traders can stay aligned with market movements and potentially improve profitability.
Free Download
Download the “InBar.mq4” indicator for MT4
Key Features
- Detects trend reversals using Inbar patterns
- Displays blue arrows for buy signals and red arrows for sell signals
- Helps traders identify trend changes quickly
- Can be combined with trend or support/resistance indicators
Indicator Chart
The chart below shows the Inbar Signals Forex Indicator in action.
Blue arrows mark buy signals, and red arrows mark sell signals.
Traders can use these signals to enter trades and reverse positions when opposite arrows appear, helping capture trend reversals effectively.
Guide to Trade with Inbar Signals Forex Indicator
Buy Rules
- Open a buy trade when a blue arrow appears
- Reverse the position if a red arrow appears
Sell Rules
- Open a sell trade when a red arrow appears
- Reverse the position if a blue arrow appears
Stop Loss
- Place a few pips below the recent swing low for buys
- Place a few pips above the recent swing high for sells
- Alternatively, use the previous opposite arrow as a reference for tighter stops
Take Profit
- Set at the next support/resistance level or pivot point
- Or exit when the opposite signal arrow appears
- Optionally, trail stops after each new arrow to lock in profits
Practical Tips
- Wait for confirmation from trend or momentum indicators to reduce false signals
- Trail stops along recent swing highs/lows to protect gains
- Combine with support/resistance levels for more precise entries and exits
InBar Signals + Supertrend NRP MT4 Intraday Scalping Strategy
This scalping strategy integrates the InBar Signals Forex Indicator MT4 and the Supertrend NRP Forex Indicator MT4.
The InBar Signals indicator provides clear buy (blue arrow) and sell (red arrow) signals.
The Supertrend NRP indicator shows trend direction with green lines for uptrends and orange lines for downtrends.
By combining these indicators, traders can align entries with the prevailing market trend.
This increases the probability of successful trades and helps avoid counter-trend setups.
This strategy is designed for scalping on M1, M5, and H1 charts.
It works well for active traders looking to capture short-term price movements in major pairs such as EURUSD, GBPUSD, and USDJPY.
Buy Entry Rules
- Ensure the Supertrend NRP indicator line is green, indicating an uptrend.
- Wait for a blue buy arrow from the InBar Signals indicator.
- Enter a buy position at the open of the next candle after the blue arrow appears.
- Set a stop loss below the most recent swing low or a fixed pip distance, depending on the timeframe.
- Set a take profit target at 1.5 times the stop loss distance or exit when the Supertrend NRP line turns orange.
Sell Entry Rules
- Ensure the Supertrend NRP indicator line is orange, indicating a downtrend.
- Wait for a red sell arrow from the InBar Signals indicator.
- Enter a sell position at the open of the next candle after the red arrow appears.
- Set a stop loss above the most recent swing high or a fixed pip distance, depending on the timeframe.
- Set a take profit target at 1.5 times the stop loss distance or exit when the Supertrend NRP line turns green.
Advantages
- Combines trend direction with precise entry signals for higher probability trades.
- Suitable for multiple timeframes, offering flexibility for different trading styles.
- Clear visual indicators reduce ambiguity in trade decisions.
- Non-repainting indicators ensure consistency in signals.
- Effective for scalping in major currency pairs with high liquidity.
Drawbacks
- Requires active monitoring, which may not suit all traders.
- Short timeframes can be noisy; false signals may occur during consolidation phases.
- May require adjustment of stop loss and take profit levels based on market volatility.
- Success depends on timely execution and discipline.
Case Study 1: EURUSD M1
On the EURUSD M1 chart, the Supertrend NRP indicator turned green, signaling an uptrend.
Shortly after, a blue buy arrow appeared from the InBar Signals indicator.
A buy position was entered at 1.1050, with a stop loss at 1.1045 and a take profit at 1.1065.
The price moved in favor, reaching the take profit within 10 minutes, yielding a 15-pip gain.
Case Study 2: GBPUSD M5
On the GBPUSD M5 chart, the Supertrend NRP indicator showed an orange line, indicating a downtrend.
A red sell arrow from the InBar Signals indicator confirmed the bearish signal.
A sell position was entered at 1.3000, with a stop loss at 1.3020 and a take profit at 1.2970.
The price declined steadily, hitting the take profit target within 25 minutes, resulting in a 30-pip profit.
Case Study 3: USDJPY H1
On the USDJPY H1 chart, the Supertrend NRP indicator was green, indicating an uptrend.
A blue buy arrow from the InBar Signals indicator appeared.
A buy position was initiated at 110.50, with a stop loss at 110.30 and a take profit at 111.00.
The price ascended, reaching the take profit level within 1 hour, securing a 50-pip gain.
Strategy Tips
- Always wait for the Supertrend NRP indicator to confirm the trend before entering a trade.
- Use a pip-based stop loss and take profit for consistency across different timeframes.
- Monitor economic news releases that may impact currency volatility.
- Consider using a trailing stop once the price moves in your favor to lock in profits.
- Regularly review and adjust indicator settings to align with current market conditions.
- Maintain a trading journal to track performance and refine strategy over time.
Download Now
Download the “InBar.mq4” indicator for Metatrader 4
FAQ
How does the Inbar Signals Forex Indicator work?
It detects trend reversal points using Inbar formations and displays blue and red arrows directly on the chart for buy and sell signals.
Do I need other indicators to trade effectively?
While it can be used alone, combining it with trend, momentum, or support/resistance indicators improves accuracy and trade timing.
How should I manage trades with multiple signals?
Reverse positions only when the opposite signal appears, and use higher timeframe trends for confirmation to reduce false reversals.
Summary
The Inbar Signals Forex Indicator is a reliable tool for spotting trend reversals on MT4 charts.
Blue and red arrows indicate buy and sell opportunities, allowing traders to react quickly to market changes.
It works on all timeframes and currency pairs and is suitable for both beginners and experienced traders.
By combining the indicator with trend or support/resistance analysis, traders can improve signal reliability and manage risk effectively.
Reversing positions on opposite arrows and using trailing stops can help capture larger moves while protecting profits.
The Inbar Signals Indicator is an essential addition for any trend reversal trading strategy.
