Decision Bar Indicator

Decision Bar Indicator

Decision bar indicator for MT4 provides BUY and SELL forex arrow trading signals based on decision bar strategy and pivots.

The decision bar indicator for MT4 is the MetaTrader4 version of the decision bar trading system. However, forex traders can apply the decision bar trading system in various methods.

However, this indicator provides the bullish and bearish signals based on the moving average of the high and low prices and the pivots. Additionally, the indicator provides reverse signals.

However, forex traders can enable or disable the pivot signals and reverse signals as required. In effect, the indicator assists the trader to BUY and SELL using the arrow trading signals based on the decision bar trading system.

The indicator is best suited for new and advanced forex traders. Additionally, forex traders can apply the indicator to all intraday price charts and the daily, weekly, and monthly price charts.

Decision Bar Indicator For MT4 Trading Signals.

The above EURUSD, H1 price chart, shows the decision bar indicator for MT4 in action. The indicator shows the Upper SMA and Lower SMA lines in Light Blue and Tomato color. Moreover, the bullish arrow signals for a breakout of these lines are in Light Blue, and bearish arrow signals are in Tomato. Additionally, the pivots are shown in pink and green. Furthermore, reverse sell signals are in Red arrows while the reverse buy signals are in Blue arrows.

Forex traders can use the decision bar indicator to trade using the pivots or reversal signals or the breakout of the upper and lower SMA lines of the high and low prices. Below we will discuss the breakout and reversal arrow trading signals.

If traders identify the bullish price breakout above the Upper SMA line, traders should enter a BUY trade. A stop loss below the previous swing low and a profit booking at the opposite trading signal may secure the trade.

Similarly, the traders find a bearish breakout of the price below the Lower SMA line. So, forex traders should enter the market with a SELL trade with a stop loss above the previous swing high and book profits at the opposite signal.

The reverse trading signals appear as a smaller Blue Up and Red Down arrow. Forex traders can place a SELL trade at a Red arrow with a stop loss above the previous swing high and book profits at the opposite signal.

Similarly, traders can enter the market with a BUY position at a Blue arrow with a stop loss below the previous swing low and exit with profits at the opposite signal.

Conclusion
The decision bar indicator for MT4 helps the trader simplify the decision bar trading strategy and assist the technical forex traders. It helps traders identify bullish and bearish market conditions and BUY and SELL accordingly. Additionally, traders can download the indicator for free and install it easily.