The Cynthia’s Trend Bars Metatrader 4 indicator is a famous trend indicator that allows Forex traders make informed trade decisions on the direction a particular currency pair will make.
Interestingly, the indicator displays series of purple or dark green bars that are superimposed on the chart’s candlesticks.
The Cynthia’s Trend Bars indicator can be used on a wide-spectrum of Forex pairs and can also be combined effortlessly with varying technical tools in the formulation of trading strategies.
- Just to get a better view of the general market feel, more attention should be paid to the color of the bars, as they make a bold statement regarding the trend of the FX pair in review.
- Generally speaking, when the dark green & purple bars get printed on the activity chart, it is an indication of the market sentiment tilting in favor of the bulls or bears respectively.
- The absence of an adjustable parameter settings does not in any way dampen the indicator’s signal strength.
Feel free to explore the Cynthia’s Trend Bars indicator’s different parameters and settings to create your own personalized indicator setup.
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Cynthias Trend Bars Forex Indicator Chart (AUD/ND M5 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Cynthia’s Trend Bars MT4 Indicator
Buy Signal: Go long when the dark green bars of the Cynthia’s Trend Bars indicator get superimposed on the candlesticks.
When the green and red lines of the Relative Vigor Index indicator get printed above the zero-horizontal level, it is a buy signal confirmation.
Sell Signal: Go short when the purple bars of the Cynthia’s Trend Bars indicator get superimposed on the candlesticks.
When the green and red lines of the Relative Vigor Index indicator get printed below the zero-horizontal level, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Cynthia’s Trend Bars indicator pops up a purple bar superimposed on the candlestick. Else, the green line of the Relative Vigor Index dips below the 0.00 center line.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Cynthia’s Trend Bars indicator pops up a dark green bar superimposed on the price bar. Else, the green line of the Relative Vigor Index surges above the 0.00 signal line.
Tips: The Cynthia’s Trend Bars is an interesting MT4 indicator that delivers a wide range of trading opportunities for retail investors in the forex market.
The indicator can be readily combined with other technical indicator like RVI, MACD, Stochastic, to yield an even better signal system.
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More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.