The Decision Bar MT4 Indicator is a signal indicator for MetaTrader 4 and is designed to indicate potential entry and exit trade signals directly on the main chart. It displays colored directional arrows to mark optimal trading points. It also shows the Upper and Lower SMA lines, color-coded in Light Blue and Tomato. The indicator generates signals based on breakouts of the SMA lines of the high and low prices, pivots, and reversal signals. Additionally, traders can enable or disable pivot and reversal signals to suit their strategy. Light Blue arrows indicate bullish breakouts, while Tomato arrows show bearish ones. Pivot signals appear in Pink and Green. Meanwhile, reversal signals use Red and Blue arrows. The indicator offers high customization and alert options. As a result, it’s a valuable tool for identifying entry and exit points.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, to identify potential entry and exit points.
Indicator Settings
How to Install Decision Bar MT4 Indicator
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
