Leledc Exhaustion Bar MT4 Indicator

The Leledc Exhaustion Bar is an indicator for the MT4 platform. It is one of my personal favourites, for its strong ability to predict reversals. 

How does it work?

Red means the trend is either reversing to the downside, or there is a pause in the uptrend

Green means the trend is either reversing to the upside or there is a pause in the downtrend

**Note the indicator is NOT repainting. All signals are printed at the close of the bar.

How do I use it?

I usually combine it with a moving average as a trend filter and only trade signals with the trend. In a trend, the indicator usually signals the end of the pull back and the continuation of the trend.

Here’s a screenshot of it in action:

Exhaustion bar

Another way to use it is when there is confluence with support and resistance levels. See the two screenshots below with the orange arrows. I use it on the 5 min charts together with candlestick patterns and support/resistance lines.

pivot confluence with exhaustion bar

pivot confluence with exhaustion bar2

Download it: Leledc Exhaustion Bar


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FAQ

  1. What is the difference between Leledc Exhaustion Bar 1 and 2?
    1. Ex bar 1 has much longer swings that Ex bar 2. In the screenshots below, you will notice that Ex bar 2 detects the smaller swing highs and lows while Ex bar 1 only detects the larger swings.
      Ex Bar 1

      Ex Bar 1

      Ex Bar 2

      Ex Bar 2

13 thoughts on “Leledc Exhaustion Bar MT4 Indicator

  1. Adrian

    Hi,

    The Leledc indicator only contains two mq4 files, and no ex4 file, so after the files have been copied to the experts/indicators directory, nothing shows up in MT4 under custom indicators.

    Please advise.

    Many thanks,
    Adrian.

    Reply
  2. Linton Post author

    Hi Adrian,

    Thanks for notifying me. I have updated the zip file to include the .ex4 file. Only .ex4 files work after MT4 build 600. Please let me know if you continue to encounter any issues.

    Best wishes,
    Linton

    Reply
  3. James Phuc

    Hi Linton,

    This indicator is great because it does not repaint. If using with Pivot indicators or Fib-Support Resistance indicator to pinpoint more accurate reversals at R/S, then, this will be great trading arsenal.

    Also, the reversals are more reliable if using on M15 – H1 timeframe. Have you used it on these higher timeframe?

    Do you think we can code it into a profitable ea (use this indicator with pivot indicator or Fib-Support Resistance indicator)?

    Do you have the Fib-Support Resistance indicator to share?

    Thanks for sharing this great indicator.

    James

    Reply
  4. Erik

    Nice, but no mention why some circles are solid filled and some not…..

    Reply
    1. Linton

      Hi Erik,

      The solid circles are for longer swings, and the empty circles are for shorter swings

      Reply
  5. Phil

    Hi Erik.

    Great indicator, excellent work! Is there any chance you can code an pop up and/or email alert to it so we don’t have to watch the charts all the time?

    This would make it simply perfect.

    Thanks.

    Reply
  6. Yury

    Hi,
    Please tell how can I download the leledc exhaustion indicator&
    Thanks a lot,
    Yury

    Reply
  7. marzo

    Hi,
    also I can not find the link to download the indicator.
    Where is the link to download it?

    Reply
  8. Sameer

    Hi Linton,

    Thanks for the sharing valuable Indicator. Please may I know, how do we use these Indicators in EA (In Strategies). Please can you share the syntax for that…

    Thanks
    Sameer.

    Reply
  9. Njenga

    Hi Linton
    I there any way to add an alert when the circle forms. Either an email alert, or a sound alert on multiple charts

    Reply
    1. Linton Post author

      Hi Njenga,

      Yes. However, it will take awhile given my rusty programming skills.

      Do you know how to code?

      Kind regards,
      Linton

      Reply

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