TVI became quite popular indicator among traders and now is also available with histogram added option. TVI Histogram Indicator for MT4 is designed for everyone who likes histogram style more then normal TVI Indicator. This indicator is suitable on all timeframes, even smallest ones like 1m or 5min but best results are on higher timeframes like 1h or 4h or even daily timeframes.
When using TVI Histogram Indicator we advise you to not use it alone. It should always be combined with other popular indicators such as Moving Average or RSI. TVI was developed with minimal LAG in mind and it is much faster then for example Moving Average. TVI Histogram Indicator will repaint on the current bar but once the bar closes it will not repaint anymore.
When deciding on a trade you should look for entering BUY position when TVI Indicator is above zero and rising (green) and look for SELL position when TVI Histogram Indicator is below zero and falling (red) line.