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Bar Strength Divergence indicator for MT4

5

Bar Strength Divergence Indicator for MT4

BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos.
BarStrength Indicator shows the strength of each candle.
The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market.
Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles.
Once candle is near support it is highly probable that price movement will change direction and will go up in the next candles.
The indicator can also be used to easily spot divergences between real price movement (main chart) and BarStrength indicator movement (indicator window).

The only input of the indicator is :

  • MaxBars: number of candles to be displayed with the indicator

BarStrength indicator can be combined with other oscillators like Stochastic or RSI for confirmation purposes.
The indicator can work with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The indicator can be used with any time frame.

Avis 2
matador0312
87
matador0312 2022.12.31 08:20 
 

Simply the best divergence tool. No repaint, no bugs! Great Job. 👍👍👍

ebel
1181
ebel 2022.10.16 08:48 
 

I am loving this indicator. I am renting for a month and have made more than enough in two or three days to buy it at the end of the month. I am using two types of entry: 1. if bar strength is near or below the lower level and the trend bias is long, I scalp long (and vice versa for short) 2. if bar strength goes beyond either the upper or lower level and divergence subsequently appears, trade in the direction of the indicator. There are many opportunities.

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This product is based on the methodologies of Gann, his follower Don E. Hall. The Indicator builds a working view grid, which is used to analyze graphics. The Pyrapoint tool, developed by Don Hall, is a grid based on the Pythagorean cube. In his calculations he uses the Gann Square 9 methodology and the relationship between Price and Time. This tool is used to predict changes in trend and overall market actions. More information about the method   HERE
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Renaud Herve Francois Candel
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Mean Volume indicator for MT5
Renaud Herve Francois Candel
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VWAP indicator for MT4
Renaud Herve Francois Candel
Moving VWAP Indicator Moving VWAP is an important indicator drawing the Volume-Weighted Average Price (VWAP). The VWAP is a reference used by institutional traders and acts as a level of support / resistance. If price is above VWAP then means market is bullish. If price is below VWAP then means market is bearish. It can be used to enter in the market with low risk (near VWAP) and also identify the correct direction of the market. The Moving VWAP is as simple as a Simple Moving Average.
Round Numbers Levels indicator for MT4
Renaud Herve Francois Candel
3 (2)
Round Numbers Levels indicator for MT4 Round Numbers indicator is a simple but useful indicator to draw 00 and 50 price levels in your chart. These levels act as supports and resistances, and therefore should be taken into account when trading. These levels can be used as profit targets or entry points. Inputs of the indicator are: TGridColor00: color to be used for xx00 levels GridStyle00: line style to be used for xx00 levels GridWidth00: line width to be used for xx00 levels GridCol
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Renaud Herve Francois Candel
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High Low indicator for MT4
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5 (1)
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Heiken Color Indicator for MT4
Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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Matrix indicator for MT4 by ITC
Renaud Herve Francois Candel
Matrix Indicator Matrix Indicator is a simple but effective indicator. Matrix indicator displays usual oscillators indicators in a user friendly color coded indicator. This makes it easy to identify when all indicators are aligned and spot high probability entries. Inputs of indicator are: Indicator: RSI, Stochastic, CCI, Bollinger Bands Param1/Param2/Param3: usual settings for the indicator ValueMin: Oversold level for oscillator ValueMax: Overbought level for oscillator The indicator
OBOS indicator OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. Inputs of the indicator are: MaxBars : number of bars to display in your chart Smoothing period : number
Trend Direction ADX indicator for MT4 Trend Direction ADX is part of a series of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction ADX is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction ADX is based on ADX standard indi
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Filtrer:
matador0312
87
matador0312 2022.12.31 08:20 
 

Simply the best divergence tool. No repaint, no bugs! Great Job. 👍👍👍

ebel
1181
ebel 2022.10.16 08:48 
 

I am loving this indicator. I am renting for a month and have made more than enough in two or three days to buy it at the end of the month. I am using two types of entry: 1. if bar strength is near or below the lower level and the trend bias is long, I scalp long (and vice versa for short) 2. if bar strength goes beyond either the upper or lower level and divergence subsequently appears, trade in the direction of the indicator. There are many opportunities.

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Version 2.0 2023.07.02
New compilation
Version 1.90 2023.01.18
Technical update - no change in the features