Forex External Bar MT4 Indicator

Forex External Bar MT4 Indicator:

About the Forex External Bar MT4 Indicator

Simple indicator that shows external ( outside ) bars. In certain cases, external bars can be seen as strong trend bars instead of range bars. This can be observed when a with-trend external bar occurs at a reversal from a strong trend.

It will help you notice more easily different patterns like – Inside-outside-inside, Inside- Inside -inside, outside – Inside -outside, etc.

Works perfectly with my other free indicators Internal bar and Shadows

Inputs:

  • How many history bars to calculate on load
  • Color of the bear external
  • Color of the bull external
  • Size of the dot
  • Distance from the bar to be displayed the dot

Test results:

Forex External Bar MT4 Indicator

Copy and paste the file 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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