What is Signal_Bars_v8?
Signal_Bars_v8 is an MT4 chart panel that displays price, spread, distance from the open, high-to-low range, daily average range, and color-coded indicator states rather than buy or sell arrows.
How to use Signal_Bars_v8
The chart draws a large current-price display, D1 through M5 status bars, MACD, STR, and EMA labels, plus Spread, Pips to Open, Hi to Low, and Daily Av. First compare higher- and short-timeframe color direction, then use candles, horizontal lines, or moving averages to look for a pullback or return context.
Where it helps
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Corner_of_Chart_RIGHT_TOP | Anchors the panel at the chart’s upper-right corner when enabled. Default: false. |
| Show_Price | Shows the large price display in the panel. Default: true. |
| Show_Xtra_Details | Shows Spread, Pips to Open, Hi to Low, and Daily Av. Default: true. |
| Show_Smaller_Size | Uses a smaller panel display. Default: true. |
| Shift_UP_DN | Adjusts the panel’s vertical position. Default: 0. |
| Adjust_Side_to_side | Adjusts the panel’s horizontal position. Default: 0. |
| BarLabel_color | Sets the color of bars and labels. Default: LightSteelBlue. |
| CommentLabel_color | Sets the color of comment text. Default: LightSteelBlue. |
| MACD_Fast | Sets the fast MACD period. Default: 8. |
| MACD_Slow | Sets the slow MACD period. Default: 21. |
| MACD_Signal | Sets the MACD signal period. Default: 8. |
| MACD_PRICE_TYPE | Selects the price type for MACD calculation. Default: 0. |
| RSI_Period | Sets the RSI period. Default: 8. |
| RSI_PRICE_TYPE | Selects the price type for RSI calculation. Default: 0. |
| CCI_Period | Sets the CCI period. Default: 13. |
| CCI_PRICE_TYPE | Selects the price type for CCI calculation. Default: 0. |
| STOCH_K_Period | Sets the Stochastic K period. Default: 5. |
| STOCH_D_Period | Sets the Stochastic D period. Default: 3. |
| STOCH_Slowing | Sets the Stochastic slowing value. Default: 3. |
| STOCH_MA_MODE | Selects the moving-average type for Stochastic calculation. Default: 1. |
| MA_Fast | Sets the fast moving-average period. Default: 5. |
| MA_Slow | Sets the slow moving-average period. Default: 7. |
| MA_MODE | Selects the moving-average type. Default: 1. |
| MA_PRICE_TYPE | Selects the price type for moving-average calculation. Default: 0. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
