The Volty Channel Signals Metatrader 4 Forex indicator is an awesome buy and sell trading signals indicator built on ATR and the Moving Average.
It is recommended that you use the standard settings found on the Volty Channel indicator for currency trading purposes.
If price is traded above the blue Volty Channel indicator signal line, then a buy is advised, while if price trades below the red signal line, a sell become appropriate.
Finally, the Volty Channel Signals indicator can become a good alternative of a standard Parabolic SAR indicator in your trading toolbox, considering it generates highly profitable buy/sell trade setups.
The EUR/USD H1 chart below displays the Volty Channel Signals Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the Volty Channel Indicator pops up a new blue dot below the candlesticks.
Sell Signal: Go short when the Volty Channel Indicator puts on display a new red dot above the price bars.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Volty Channel Indicator pops up a red dot above the candlesticks.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Volty Channel Indicator puts up a blue dot below the price bars.
Tips: The Volty Channel Indicator is quite effective on the EUR/USD and GBP/USD currency pairs. It also offers faster stops when the market conditions alters.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (MA_Price, MA_Length, MA_Mode, ATR_Length, Kv, MoneyRik, usePrice_HiLoBreak, useMA_HiLoEnvelope, AlertMode, Applied_Price_, MAmethod, Visual_Mode__), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend | stops
Copy and paste the voltychannel-indicator.ex4 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)