The Forex Closing Bar Price indicator for Metatrader 4 displays the closing price in big font on the main MT4 chart window.
The font, color, and corner can be fully modified by editing the indicator’s inputs.
Free Download
Download the “Magnified CloseBarPrice.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Forex Closing Bar Price mt4 indicator in action.
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: Price
Does the indicator repaint? No.
MT4 Closing Bar and XTC Trend Forex Strategy
The MT4 Closing Bar and XTC Trend Forex Strategy is a straightforward and effective approach designed for traders who want clear, reliable signals without overcomplicated tools.
This method focuses on combining real closing price action with momentum confirmation to identify strong market moves.
The Forex Closing Bar Price Indicator displays the most recent closing price directly on the chart, making it easy to see whether the market has closed higher or lower than before.
The XTC Forex Trend Indicator supports this analysis by showing a blue histogram during bullish trends and a red histogram during bearish phases.
This strategy works best on the H1 and H4 timeframes.
It is suitable for both swing and intraday traders who prefer following the main market trend rather than anticipating short-term reversals.
The visual combination of price and color-based momentum gives clear trading signals even to less experienced traders.
Buy Entry Rules
- Wait for the Closing Bar Price Indicator to show a higher closing value than the previous bar.
- Check that the XTC Forex Trend Indicator histogram turns blue, confirming bullish momentum.
- Open a buy position at the next candle’s opening price.
- Set a stop loss 20 to 30 pips below the recent swing low.
- Take profit when the histogram starts to weaken or when a 1:2 risk-to-reward ratio is reached.
Sell Entry Rules
- Wait for the Closing Bar Price Indicator to show a lower close than the previous bar.
- Confirm that the XTC Forex Trend Indicator histogram turns red, showing bearish pressure.
- Open a sell position at the next candle’s opening price.
- Set a stop loss 20 to 30 pips above the latest swing high.
- Take profit when the histogram color fades or when a clear opposite close appears.
Advantages
- Easy to read and visually simple for all experience levels.
- Works on multiple currency pairs and timeframes.
- Reduces false signals by using closing prices as filters.
- Non-repainting signals improve entry consistency.
- Combines perfectly with manual trailing stop or partial close techniques.
Drawbacks
- May lose accuracy during sideways or flat market conditions.
- Can produce delayed entries when waiting for a confirmed close.
- False signals are possible during low volatility periods.
- Requires patience to wait for both confirmations before entry.
Case Study 1: EUR/USD H1
On the EUR/USD H1 chart, the Closing Bar Price Indicator showed a higher close at 1.0850 while the XTC Trend histogram switched to blue.
A buy trade was opened at 1.0852 with a 25-pip stop loss below the previous low.
The price rose steadily, reaching 1.0905 within six hours for a total of +53 pips.
As soon as the histogram weakened, the trade was closed, locking in a clean profit.
This setup showed how confirmation between closing price and trend strength can filter out market noise.
Case Study 2: GBP/JPY H4
On GBP/JPY, a lower closing bar appeared at 187.45 while the XTC histogram changed from blue to red, signaling a new bearish phase.
A sell trade was entered at 187.42 with a 35-pip stop loss.
Over the next few candles, the price dropped to 186.50, providing a +92 pip gain.
The histogram remained red throughout the move, showing strong selling pressure and confirming the accuracy of the setup.
Strategy Tips
- Focus on active pairs like EUR/USD, GBP/USD, and USD/JPY for smoother momentum.
- Only trade when both the closing bar and histogram agree in direction.
- Avoid trading just before major news events or economic releases.
- Use a higher timeframe trend to filter trades in the main market direction.
- Adjust stop loss and take profit levels according to volatility and session type.
The MT4 Closing Bar and XTC Trend Forex Strategy provides structure and simplicity for traders seeking consistent results.
Aligning closing price confirmation with histogram momentum allows clear decision-making and helps traders capture reliable market moves with confidence.
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Download the “Magnified CloseBarPrice.mq4” indicator for Metatrader 4
