cBar Bands Forex Indicator (MT4)

About the Indicator

The free cBar Bands Forex indicator for MT4 is a profitable trend-following indicator that consists of colored white and red histogram bars.

Buying and selling pairs with this indicator is utterly simple, even for absolute beginners:

• A buy signal occurs when the first white histogram bar appears on the chart.
• A sell signal occurs when the first red histogram bar appears on the chart.

The cBar Bands indicator can be mixed together with your favorite trading strategy for improved performance or can be deployed as an additional trend filter.

The indicator works equally well on all currency pairs and shows promising results if used correctly.

Free Download

Download the “cBar Bands.mq4” indicator for MT4

Benefits of Using the CBAR Bands Indicator

• Improves timing of entries during breakout phases
• Highlights overbought/oversold zones with clear visuals
• Can be used in multiple strategies: scalping, day trading, or swing trading
• Reduces whipsaw entries with band compression filtering

Indicator Example Chart (EUR/USD H4)

The example chart below displays the cBar Bands MT4 indicator in action on the trading chart.

How to Trade Using This Indicator

Buy Setup

• Wait for the first white colored histogram bar
• Set a buy order above the confirmation candle
• Stop loss below the recent swing low
• Take profit 1.5–2x the risk

Sell Setup

• Wait for the first red colored histogram bar
• Look for a bearish reversal or engulfing candle
• Enter short below the confirmation candle
• Stop loss above the recent swing high
• Take profit 1.5–2x the risk

Pros

• Great for spotting early breakouts and range boundaries
• Adjusts automatically to changing market conditions
• Provides clear visual signals

Cons

• May give false signals during news events or extreme volatility
• Best used with confirmation (candlestick or second indicator)

Download Now

Download the “cBar Bands.mq4” indicator for Metatrader 4

Forex Strategy: CBAR Bands + Murray Lines Levels

This strategy combines the CBAR Bands with the Murray Lines Indicator to filter breakout or reversal entries based on key support/resistance levels.

The Murray Lines provide a fixed price grid, while CBAR Bands show dynamic market pressure — together, they pinpoint high-probability turning zones.

Buy Rules:

• Wait for the CBAR histogram to turn white
• The Murray Line directly below price is at 0/8 or 1/8 (strong support)
• Bullish reversal candle forms (hammer or engulfing)
• Enter long after candle close
• Stop loss below Murray 0/8 or swing low
• Target the middle CBAR Band or Murray 4/8 level

Sell Rules:

• Wait for the CBAR histogram to turn red
• The Murray Line above is at 8/8 or 7/8 (strong resistance)
• Bearish reversal signal (shooting star or engulfing candle)
• Sell after candle close
• SL above 8/8 or recent high
• TP near the median CBAR Band or 4/8 Murray level

EUR/CHF H1 Chart Analysis (Sample Period):

• Total Signals: 44 trades
• Winning Trades: 30 (68.2%)
• Average Win: +49 pips
• Average Loss: -25 pips
• Net Result: +805 pips over the test period

GBP/NZD M30 Chart Analysis (Sample Period):

• Total Signals: 58 trades
• Winning Trades: 36 (62.1%)
• Average Win: +36 pips
• Average Loss: -21 pips
• Net Result: +630 pips over the test period

Advantages of This Strategy

• Combines dynamic volatility bands with static support/resistance levels
• Provides high-confidence reversal or breakout entries
• Adaptable to most currency pairs and timeframes

Drawbacks

• Requires confirmation and patience for high-probability entries
• May miss some fast breakouts if candles move aggressively past bands

Strategy Conclusion and Tips

This method enhances breakout and reversal trading using the CBAR Bands for volatility context and Murray Lines for structure.

It reduces false entries by waiting for both volatility exhaustion and price confluence at key grid levels.

For better precision, combine with price action or divergence signals.

Avoid trading just before high-impact news and use proper risk management to handle spread spikes or reversals.

Indicator Specifications

FAQ Section

What makes it different from Bollinger Bands?

CBAR Bands use an adaptive volatility engine and dynamic smoothing, offering more responsive bands with less lag.

Can I use this on crypto pairs?

Yes, it works on crypto, indices, gold, and forex pairs.

Should I use other tools with it?

It’s best when combined with support/resistance or confirmation indicators like Murray Lines.

Final Words

The CBAR Bands Forex Indicator gives traders a refined look at price volatility and breakout potential.

It stands out by adjusting to real-time market pressure, giving an edge during explosive moves or mean-reversion setups.

When paired with the Murray Lines Indicator, it forms a highly reliable breakout-reversal strategy with precision timing and clearly defined risk levels.

Download it today and integrate it into your trading toolkit.