The Bulls Vs Bears Forex signals Metatrader 4 indicator provides buy and sell signals based on the traditional Bulls Vs Bears technical indicator.
This advanced version displays its signals in the form of an easy to read dual colored histogram.
Interpret the Bulls Vs Bears dual colored buy/sell histogram as follows:
- A blue Bulls Vs Bears histogram bar represents a buy signal.
- A red Bulls Vs Bears histogram bar represents a sell signal.
The default period is set to 14. This is great for scalping and day trading.
For swing trading purposes, set the value to 20 or higher.
It’s recommended to open buy and sell trades at the first available blue or red bar after the histogram changes color.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
Free Download
Download the “iBearsBulls_Advanced_Histo_v1.0.ex4” MT4 indicator
Indicator Chart (CAD/CHF H1)
The CAD/CHF 1-Hour chart below displays the Bulls Vs Bears Histogram Metatrader 4 Forex Signals indicator in action.
Basic Trading Signals
Signals from the Bulls Vs Bears Histogram MT4 indicator are easy to interpret and go as follows:
Buy Signal: Open a long trade when the Bulls Vs Bears Histogram signals indicator changes its colored bars from red to blue. The trend is now upward.
Place a stop loss below support or use your own preferred SL method.
Take profit at an opposite sell signal or at a fixed profit target.
Sell Signal: Open a short trade when the Bulls Vs Bears Histogram signals indicator changes its colored bars from blue to red. The trend is now downward.
Place a stop loss above resistance or use your own preferred SL method.
Take profit at an opposite buy signal or at a fixed profit target.
Download Now
Download the “iBearsBulls_Advanced_Histo_v1.0.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (period indicator, bars for average price, percentage level up, percentage level down) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: bulls bears
