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.
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 cause confusion during 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
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
