What is the Decision Bar Indicator for MT4?

The Decision Bar indicator (DBI) is a technical analysis tool that indicates the probability of a currency’s price continuing to rise or fall. It is represented by a bar showing whether the price rises or falls. If the price increases, the DBI will have a green color on the left side of the chart. If it is falling, the DBI will have a red color and will be on the right side of the chart.

Decision Bar Indicator

Download Free Decision Bar Indicator

The DBI works by analyzing past market activity and comparing it to current trends to determine whether there is a high probability of a currency’s price continuing to rise or fall. The indicator can help traders decide whether or not they should buy or sell a particular coin and how long they should hold their positions before taking action.

How to use the Decision Bar Indicator for MT4?

To use the indicator, look for areas where the distance between the lines increases or decreases. This indicates more momentum behind the price movement and more significant potential for a breakout. If you want to trade in this direction, you can open a trade and wait for a sign that a flight is imminent.

Decision Bar Indicator MT4 trading settings

The indicator looks like a chart with two lines: the first line represents the asset’s price, and the second line represents the indicator. The difference between these two lines is called the ‘decision bar,’ indicating whether the asset’s price is moving in the right direction. In most cases, if the first line is above the second line, the asset’s price rises, whereas if the first line is below the second line, it means the asset’s price is falling.

This allows you to make informed trading decisions by determining whether an asset’s price is headed in the right direction.

Decision Bar Indicator Advantages

– It offers real-time analysis of market conditions, allowing traders to stay up-to-date on the latest market trends.

– allows traders to quickly and easily analyze market conditions and make informed trading decisions.

– It is a versatile tool that both experienced and inexperienced traders can use.

Decision Bar Indicator Disadvantages

The main disadvantage of the decision bar indicator is that it can be challenging to understand and interpret. It displays only one variable at a time, making it difficult to grasp the overall direction of the underlying trend. Additionally, the indicator does not consider other factors that might affect the value of the indicator variable, such as input or output levels. These factors could potentially impact its value and may lead to inaccurate predictions.

DB Indicator installation on the MT4 platform

The Decision Bar Indicator is a third-party technical analysis tool that can be installed on the MetaTrader 4 (MT4) platform. To install the Decision Bar Indicator on MT4, follow these steps:

  1. Download the Decision Bar Indicator file (in .ex4 format) from a reliable source. You can search online for reputable indicator providers or ask for recommendations from other traders.
  2. Open the MT4 platform on your computer.
  3. Click on the “File” tab at the top left corner of the platform and select “Open Data Folder” from the dropdown menu.
  4. In the window that opens, double-click on the “MQL4” folder.
  5. Inside the MQL4 folder, double-click on the “Indicators” folder.
  6. Drag and drop the Decision Bar Indicator file (in .ex4 format) into the Indicators folder.
  7. Close the Indicators folder and restart the MT4 platform.
  8. Once the platform restarts, you should see the Decision Bar Indicator listed in the Navigator window on the left-hand side of the platform.
  9. Drag and drop the indicator from the Navigator window onto the desired graph to apply the hand to a chart.
  10. Adjust the indicator settings to your preference, and you should now be able to use the Decision Bar Indicator in your trading analysis.

It’s important to note that the installation process may vary slightly depending on your operating system and the version of MT4 you are using. If you encounter any difficulties during the installation process, consult the documentation provided by the indicator’s developer or seek assistance from a professional.

Decision Bar Indicator mt4


In this article, we’ve learned about the Decision Bar Indicator and how to install it on the MT4 platform. An indicator is valuable for traders who want to quantify their trading performance and identify potential risks associated with each trade.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

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