The Quantile Bands Forex indicator for mt4 can be classified as a trend-following type indicator, and it delivers great entry and exit signals.
The indicator gets displayed in the main chart as a trend-following channel with signals.
Finding buy and sell trades is very easy with this indicator and goes as follows:
- Enter a buy trade when the middle band gets colored green (bullish).
- Enter a sell trade when the middle band gets colored brown (bearish).
The Quantile Bands indicator can be used as a standalone trading tool for both trade entry & exit and works equally well for all currency pairs and other MT4 trading instruments.
Free Download
Download the “quantile-bands.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Quantile Bands mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator (mq4 or ex4 format) to the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Quantile Bands Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
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: Signal
Does the indicator repaint? No.
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Download the “quantile-bands.mq4” indicator for Metatrader 4
