Vh Forex Indicator is one of the most profit making indicator that you will come across in the market today.
The indicator is based on the moving averages. When someone talks of moving averages you may be inclined to always reflect on the moving average indicator but the moving averages are actually that, the averages of the dynamic/ever-changing market prices hence they move/change. This indicator is a custom indicator that is solely based on the moving averages.
With the Vh indicator, it’s able to use the moving averages to predict or indicate the trend of the market prices. It is designed to indicate even the slightest change in the trend of the market prices.
How it works.
The Vh indicator is designed to generate a continuous line that follows the market prices. This continuous line is a line of the averages. The line is made of small dots that may either be bleu or red.
The red dotted line section indicates a downward trend in the market prices while the blue dotted section of the line indicates an upward trend in the market prices.
The indicator takes some time to indicate a change in the prices, which is intended so to tackle the problem of false signals. If you insert the indicator onto your trading chart you will notice that the indicator indicates an upward or downward trend in the market after the market has already moved up or down respectively by some candlesticks/bars.
Fig.1. The Vh indicator explained.
However, if the indicator signals it is a down trend in the market prices, then the market prices will continues moving down until the indicator says otherwise and vice versa.
Using the Vh indicator to place and close orders.
Signals are given by the color change between red and blue!
Let’s start with placing orders; a buy position/order is placed when the indicator line turns to blue while a sell position/order is placed when the indicator line turns to red. Although we said that the indicator is designed to filter false signals, it is always a good practice to place your order after in the nest candle formation after the color change.
For example, if you are using the H1 timeframe and the color changes from red to blue in the middle of the formation of an 8:00 pm candlestick, you should wait for the candle to finished its formation an when the next candle starts to form then you should place your order if the change is still present..
Fig.2. Using the Vh indicator to trade.
When it comes to closing your orders, you should use take stop levels that are easily achievable depending on your targets per trade. After the order is closed by any of the stop levels, you should not be greedy to place another trade. Placing of trades should be strictly confined to the second or third candlestick formation after the color change. So if you are late, wait for the next signal.
Forex Indicators Download – Instructions
Vh Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Vh Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Vh Forex Indicator.mq4?
- Download Vh Forex Indicator.mq4
- Copy Vh Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Vh Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Vh Forex Indicator.mq4 is available on your Chart
How to remove Vh Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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