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VQ Candlestick Bars Metatrader 4 Forex Indicator

    The VQ Candlestick Bars Metatrader 4 forex indicator is built on moving averages, as shown within its MT4 code.

    It is an indicator that helps determine trend direction and possible reversals.

    It is a visually scintillating indicator that gets displayed within the activity chart as green or red bars.

    These colored bars are superimposed on the candlesticks.

    A green bar defines a bullish trend while a red bar points to a bearish signal.

    The VQ Bars indicator is suitable for any timeframe and currency pair.

    Works for scalping, day trading and swing trading purposes.

    Free Download

    Download the “vq-bars.ex4” MT4 indicator

    Example Chart

    The EUR/USD H1 chart below displays the VQ Candlestick Bars Metatrader 4 forex indicator in action.

    Basic Trading Signals

    Buy Signal: Go long when the VQ Candlestick Bars Metatrader 4 forex indicator displays green bars within the activity chart.

    Sell Signal: Go short when the VQ Candlestick Bars Metatrader 4 forex indicator displays red bars within the price chart.

    Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the VQ Bars indicator displays a red bar.

    Exit sell trade: Close all sell orders if while a bearish trend is running, the VQ Bars indicator pops up a green bar.

    Tips: Using the VQ Candlestick Bars indicator can offer forex traders a serious advantage when executing a trading strategy.

    Traders can always stay in the know as to when a trend is beginning and when a reversal is also occurring.


    Download the “vq-bars.ex4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern indicator

    Customization options: Variable (Length, Method, Smoothing, Filter, Steady), width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: trend | reversals


    Copy and paste the vq-bars.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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