Introduction to the Swing Barros indicator
Only a few technical indicators can state that it can be used as the main basis for a business strategy. The Swing Barros indicator is one of the few indicators that can be used for this purpose. This is because it uses swing highs and swing lows to identify patterns, as well as support and resistance areas where the price can reverse.
What is the Barros Swing indicator?
The Barros Oscillation Indicator is a customized technical indicator that identifies swing highs and lows, as well as ABCD patterns that use the same swing highs and lows. To do this, the Barros oscillation indicator draws a purple line to connect the swing highs and lows and a red line to connect the points of the ABCD patterns. It also marks the identified points of the patterns ABCD with their corresponding letter as labels. It then uses the last identified levels to mark areas where the price is most likely to reverse and therefore could be an excellent buy or sell area.
How does the Swing Barros indicator work?
The Barros oscillation indicator uses an underlying zigzag indicator to identify its maximum and minimum swing levels. It also connects swing highs and swing lows in the same way that the zigzag indicator does.
ABC patterns are identified from a set of algorithmic rules that define what the pattern should be. The accuser then marks the pattern ABC as a red line and marks its dots.
How to use the Swing Barros indicator for MT4
The Swing Barros indicator has several configuration options that can adjust its sensitivity and aesthetics.
The “period” variable is the main field that users can use to adjust the sensitivity of the indicator.
“Show d1 swing” toggles the indicator to show swing highs and swing lows based on the daily time period.
The “XABC enabled” option allows users to enable or disable ABC patterns.
The Barros oscillation indicator already shows the areas where the price can be reversed. Traders can choose to observe the price action for any sign of investment as it reaches these areas.
Buy trade settings
When to enter?
Open a buy order as the price action shows signs of a bullish reversal in the area between the main buying area and the boundary. Set the stop loss below the limit.
When to leave?
Set the profit target at the next high swing level or below the opposite primary selling area.
Sale of trade setup
When to enter?
Open a sell order as the price action shows signs of bearish investment in the area between the primary sale area and the boundary. Set the stop loss above the limit.
When to leave?
Sets the profit target at the next lower or higher level in the opposite main purchase area.
This indicator can be a trading strategy within you. It has some elements of a market flow strategy, a supply and demand strategy, as well as an ABC pattern configuration. While this indicator can be used as a basis for a strategy, users should not blindly trade it. Instead, traders should observe the appropriate reversal price action patterns that develop within the identified reversal areas and the trading patterns that tend to be more accurate.
MT4 Indicators: Download Instructions
The Barros Swing indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.
The Swing Barros indicator for MT4 provides an opportunity to detect various peculiarities and patterns in price dynamics that are invisible to the naked eye.
Based on this information, traders can take on another price movement and adjust their strategy accordingly. Click here to see MT4 strategies
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How to install Barros Swing Indicator for MT4.mq4?
- Download the Swing Barros indicator for MT4.mq4
- Copy the Swing Barros indicator for MT4.mq4 to the Metatrader directory / experts / indicators /
- Start or restart the Metatrader 4 client
- Select Chart and time period where you want to test your MT4 indicators
- Look for “Custom Indicators” in your browser, mostly to the left of the Metatrader 4 client
- Right-click Barros Swing Indicator for MT4.mq4
- Attached to a chart
- Change the settings or press OK
- Barros Swing Indicator for MT4.mq4 is available in your chart
How to remove Barros Swing Indicator for MT4.mq4 from your Metatrader chart?
- Select the chart where the indicator runs on your Metatrader 4 client
- Right-click on the graphic
- “List of indicators”
- Select the indicator and delete it
Swing Barros indicator for MT4 (free download)
Click here to download:
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