Skip to content

Internal Bar Strength Indicator For MT4

    The Internal Bar Strength Forex indicator for Metatrader 4 measures bar strength between the 0 and 100 extreme values in a bottom chart window.

    The indicator consists of a single red line that oscillates between the 0 and 100 boundaries.

    The indicator can work very well for scalping and rapid trade entry and exit.

    Buy & sell signal:

    • A buy trade signal occurs when the red line reaches the 0 value and the underlying trend is upward.
    • A sell trade signal occurs when the red line reaches the 100 value and the underlying trend is downward.

    From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

    It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

    Try first on a demo account until you fully understand how this indicator works!

    Free Download

    Download the internal-bar-strength.mq4 indicator file (MT4)

    Indicator Chart Example

    The picture above shows the indicator attached to the U.S. Dollar / Japanese Yen chart.

    How to install the Internal Bar Strength indicator to your Metatrader 4 platform?

    • Download the internal-bar-strength.mq4 indicator file here and save it to your computer
    • Open your Metatrader 4 platform
    • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
    • Click on “MQL4” and open the “Indicators” folder
    • Paste the indicator file in this folder
    • Restart Metatrader 4 and you’re ready to start using the indicator

    How to edit the indicator?

    • Attach the indicator to any trading chart of your preference
    • Right click in the chart and select “Indicators List” from the drop down menu
    • Select the indicator from the list and click on “Edit”
    • Now you can start editing the indicator (Inputs, Colors and Visualization)
    • Final step, click on the “OK” button to save the new configuration