Forex TrendBar for MT4 Indicator:
About the Forex TrendBar for MT4 Indicator
Based on the parabolic data, the trend direction is displayed from 1 minute to monthly.
Since it is displayed from 1 minute to monthly, you can immediately see in which direction the price is moving.
Updates are not every tick, but every second by default, and of course you can change them so the chart doesn’t slow down.
It can be displayed in any currency.
It is possible to change the parabolic number.
It is possible to specify the color of the icon when ascending and descending.
The display position (Y-axis) can be changed.
The display position (upper left, upper right, lower left, lower right) can be specified.
It is possible to specify the font.
The font size can be changed.
The size of the icon can be changed.
It is possible to hide weekly and monthly bars.
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)