The Volatility Pivot Buy Sell indicator for Metatrader 4 (MT4) provides awesome buy and sell signals for any timeframe and currency pair.
It’s based on volatility and dynamic Pivot Points.
The signals delivered from this indicator are quite easy to understand:
Price action above the Volatility Pivot indicator suggests the pair is in an uptrend and traders should look for buy trade opportunities.
Vice versa, price action below the Volatility Pivot indicator suggests the pair is in an downtrend and traders should look for sell trade opportunities.
The indicator default settings can be fully modified to whatever settings you need.
You can modify all settings directly from the indicator’s inputs tab.
This indicator works best to find short-term (scalping, day trading) and medium-term (swing trading) trade opportunities on any timeframe.
The USD/CHF H4 chart below displays the Volatility Pivot Buy Sell forex indicator in action.
Basic Trading Signals
Signals from the Volatility Pivot Buy Sell MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate a buy trade when price crosses above the green line of the Volatility Pivot Buy Sell indicator from below.
Sell Signal: Initiate a sell trade when price crosses below the green line of the Volatility Pivot Buy Sell indicator from above.
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (atr_range, ima_range, atr_factor, Mode, DeltaPrice) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the volatility-pivot.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)