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Chart clarity / VSA / MT4

HLC Bars New 4

A clean MT4 charting indicator that displays High-Low-Close bars without the open tick for clearer VSA-style reading. Review details, installation, usage notes, input settings and risk information before continuing to checkout.

License price
Free
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Only the compiled .ex4 file is published. The .mq4 source is not provided.

Platform
MT4
Markets
Forex, gold, indices, commodities
Category
Chart clarity / VSA
Rating
4.9

Product Details

Core Features

Professional HLC bar display without the open tick
Rounded high-low bars and optional right-side close tick
Lightweight canvas drawing inside the main MT4 chart window
Custom up/down bar colors for clean bullish and bearish reading

How It Helps

Reduces chart noise by focusing attention on the high, low and close.
Useful for VSA traders who want cleaner candle effort and close-location context.
Keeps the familiar bar-chart feel while making the close easier to read.

Why You Need It

Open ticks can clutter fast chart reading when the close position is the main focus.
A cleaner HLC view can help traders study spread, rejection, effort and bar pressure with less distraction.
The indicator is free so MT4 users can add it to their workflow without payment friction.

How To Use

Attach it to an MT4 chart where you want a cleaner bar display.
Use blue/up and red/down defaults, or adjust colors to match your chart theme.
Review close position relative to the high-low range when studying pressure, rejection and VSA context.
Combine it with market structure and risk planning; it is a chart-view tool, not a standalone signal system.

Input Settings

LimitCount
5000

Maximum number of historical bars to draw. Set 0 to draw all visible bars.

BullColour
Blue

Color used when the close is greater than or equal to the open.

BearColour
Red

Color used when the close is below the open.

ShowCloseTick
true

Draws the right-side close tick so the close location remains visible.

CloseTickPct
40

Close tick length as a percentage of bar spacing. Valid range is clamped between 5 and 90.

How To Install The Indicator

  1. 1Continue to checkout and download the compiled .ex4 file.
  2. 2Open MT4 or MT5, then select File and Open Data Folder.
  3. 3Place the indicator file inside MQL4/Indicators.
  4. 4Restart the terminal or refresh Navigator, then attach the indicator to the chart.
  5. 5Review inputs, alerts, symbols and timeframes before using it in live decisions.
  6. 6Keep a backup of your downloaded compiled file and never rename it while MT4/MT5 is running.

Risk Disclaimer

This indicator is a charting and decision-support tool only. It does not guarantee profitable trades, does not manage risk, and does not replace trader judgment. Test on demo first and use proper position sizing before applying any tool to a live account.

Ready To Download?

Continue to the free checkout page to download the compiled EX4 file.

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HLC Bars New 4 for MT4