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.
The TVI Histogram indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Download Free Forex MT4 TVI Histogram Indicator
To download the TVI Histogram Indicator for Metatrader 4 (MT4) for free just click the button below: