DAT ASB Indicator

MT4 Free Download

Introduction to the DAT ASB Indicator

The DAT ASB Indicator is a custom forex trading tool that colorizes bars depending on the direction. Green candles are bullish candles and red candles are bearish candles. To simplify, one can potentially look for buy trades when the candles are green. Similarly, one can potentially look for sell trades when the candles are red.

The DAT ASB Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the DAT ASB indicator in MetaTrader (MT4)?

Installation Guide

Download the DAT ASB.rar archive at the bottom of this post, unpack it, then copy and paste the DAT ASB.ex4 or DAT ASB.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The DAT ASB indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.