I’m using Metatrader4, and am testing this free indicator Para 4TF
(I can’t post links but it’s on Google search).
But the bars are always red, and I’m not sure why.
I’ve tried different currency pairs etc.
Any idea why? Thanks.
It will be very helpful to you if you familiarize yourself with the app in the first place.The colours red and blue indicate whether the prices are going up or down from the last bid price. The colour blue indicates a higher price while the color red indicates a lower price.
Newbie here, but I think red in this case signals a lower close.
Try using bollinger bands, they are easy.
I use this in my work too, because it has quite high accuracy.
And yes, our colleagues have told you everything correctly.
Good luck with your work.
I have been into Forex trading for the last 1 year. I have only used MT4 for it. Do you guys think that I should switch to MT5 or should I stick to MT4 only?
I may be missing a few things. I want to get an idea about that.
You should understand how the app works. The blue colour indicates a lower price. The colours usually indicate whether the prices are higher or lower.
MT4 provides cool features, but before you use something in your work, you should get acquainted with all the settings and nuances to use it for specific purposes 100%.