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.

Reviews 2
matador0312
87
matador0312 2022.12.31 08:20 
 

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

ebel
1221
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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The elite (V3) multi-indicator suite from JoaquinTrading specifically geared towards Forex & binary options, including regulated exchanges such Nadex, Cantor Exchange, and other binary option brokers. The Probability Tool Suite Elite will provide the given win/loss outcome probabilities of up to 10 strike levels, a specific expiration duration, based on a combination of up to 16 indicators, rules, or conditions and derivative behavior (i.e. expiry, touch, touch & retrace).  Using this indicato
MonsterDash Harmonic Indicator
Paul Geirnaerdt
4.54 (26)
Indicators
MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for thos
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Indicators
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Indicators
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Indicators
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Indicators
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Indicators
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Indicators
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Indicators
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Indicators
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Indicators
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Daily Pivots Multi indicator for MT4
Renaud Herve Francois Candel
Indicators
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Renaud Herve Francois Candel
Indicators
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Smart Moving Averages indicator for MT4
Renaud Herve Francois Candel
Indicators
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Renaud Herve Francois Candel
Indicators
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Renaud Herve Francois Candel
Indicators
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OBOS Overbought Oversold indicator for MT4
Renaud Herve Francois Candel
Indicators
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 of ba
Trend Direction ADX indicator for MT4
Renaud Herve Francois Candel
Indicators
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 indicator
Trend Strength MA indicator for MT4
Renaud Herve Francois Candel
Indicators
Trend Strength MA indicator Trend Strength MA is a part of a series of indicators used to characterize market conditions. Almost any strategy only works 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 Strength MA is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely stro
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matador0312
87
matador0312 2022.12.31 08:20 
 

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

ebel
1221
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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