The FQ Signal Bars Indicator for MetaTrader 4 is a simple yet powerful trend-identification tool designed to make trading decisions easier.
It paints color-coded bars directly on your chart to reflect market direction and momentum, blue for bullish conditions and red for bearish sentiment.
This instant visual feedback allows traders to spot potential entries and exits with clarity.
Ideal for beginners and professionals, this indicator helps cut through market noise by highlighting trend shifts as they happen, without complex settings or lagging behavior.
Core Features of the FQ Signal Bars Indicator
- Color-coded bars to indicate bullish (blue) and bearish (red) momentum
- Instant trend visualization with no lag
- Works on all timeframes and currency pairs
- Beginner-friendly and plug-and-play setup
- Compatible with other MT4 indicators and strategies
- Supports trend-following and swing trading systems
Free Download
Download the FQ Signal Bars.ex4 indicator for MT4
Indicator Chart Example
The EUR/USD 1-hour chart below showcases the FQ Signal Bars indicator in action, clearly highlighting shifts between bullish and bearish momentum.
Simple Buy and Sell Signals from the FQ Signal Bars Indicator
Buy Signal
- Wait for the FQ Signal Bar to turn blue
- Confirm that the previous bar was red or neutral (trend shift)
- Enter a buy position at the open of the next candle
- Set a stop loss below the recent swing low
Sell Signal
- Wait for the FQ Signal Bar to turn red
- Confirm that the previous bar was blue or neutral
- Enter a sell position at the open of the next candle
- Set a stop loss above the recent swing high
Download Now
Download the FQ Signal Bars.ex4 indicator for Metatrader 4
MT4 Swing Strategy: FQ Signal Bars + Xhmaster Formula Indicator
A powerful trading strategy is created by combining the FQ Signal Bars Indicator with the Xhmaster Formula Indicator.
While FQ Signal Bars offer a quick visual cue of market sentiment, the Xmaster Formula helps confirm the trend with additional momentum analysis.
Strategy Setup
- Platform: MetaTrader 4
- Indicators: FQ Signal Bars (default) + Xmaster Formula Indicator
- Recommended Pair: EUR/USD, GBP/USD, USD/JPY
- Timeframe: M30 or H1
Buy Entry Conditions
- FQ Signal Bar turns blue
- Xhmaster Formula indicator is green and pointing upward
- Enter a buy trade on the next candle open
- Place a stop loss below the recent swing low
- Target 1:2 or 1:3 risk-reward ratio
Sell Entry Conditions
- FQ Signal Bar turns red
- Xhmaster Formula indicator is red and pointing downward
- Enter a sell trade on the next candle open
- Place a stop loss above the recent swing high
- Target 1:2 or 1:3 risk-reward ratio
Why This Trading Strategy Works
This dual-indicator strategy works by combining instant trend recognition with momentum confirmation.
The FQ Signal Bars provide clear visual cues of potential trend shifts, while the Xmaster Formula verifies the strength and continuation of that trend.
This reduces false entries and enhances timing precision.
Together, they allow traders to enter during strong directional moves while filtering out choppy or range-bound conditions.
Recommended Timeframes and Trading Styles
- Timeframes: M30, H1, H4
- Scalping: M15 (use with tighter stop loss)
- Swing Trading: H4 or Daily
- Trend Trading: Works best when combined with momentum indicators
Indicator Specifications
- Name: FQ Signal Bars Indicator
- File Type: .ex4
- Platform: MetaTrader 4 (MT4)
- Timeframes: All supported (M1 to MN)
- Pairs: All forex pairs, metals, indices, and crypto
- Settings: No configuration needed – plug and play
Final Thoughts
The FQ Signals Bars Forex Indicator for MetaTrader 4 is a straightforward yet effective trend-identification tool designed to simplify trading decisions.
By painting color-coded bars directly on your chart—blue for bullish conditions and red for bearish sentiment—it provides instant visual feedback, allowing traders to spot potential entries and exits with clarity.
This indicator is ideal for both beginners and professionals, as it helps cut through market noise by highlighting trend shifts as they happen, without complex settings or lagging behavior.
For optimal performance, consider combining the FQ Signal Bars Indicator with other technical analysis tools to confirm signals and improve decision-making.
