Chimp Indicator MT4
Platform: MT4 Type: Trend Last update: July 5, 2026The Chimp Indicator for MT4 is scalping and intraday trading tool, which presents its signals in the form of a colored histogram.
Example chart:
How to use the Chimp Indicator for MT4?
The Chimp Indicator is displayed in MetaTrader 4 in a separate window placed just below the main candlesticks chart.
The green and red histo bars move in above and below 0 level and one should trade accordingly to the following suggestions.
When the readings are above 0 level, bars are green and the trend is bullish. In this case, look for buy trades.
When the signals are below 0 level, bars are red and the trend is bearish. In this scenario, look for sell trades.
