VH Indicator
MT4 Trend TradingFree DownloadThe VH indicator for MT4 can be considered an ehanced version of moving average providing colorful and precise trend-following signals. In fact, behind the scenes it combines several technical gauges in order to calculate noise-free and reliable signals. Therefore it’s friendly to beginners, but can be also successfully utilized by advanced forex traders.
How to understand provided vh readings?
In terms of visual aspects, this indicator consists of continued series of dots constantly adjusting to market fluctuactions.
The main line displays one of two colors and they switch as price changes. Blue corresponds to bullish momentum and it’s a trigger for a long trade opportunity. Conversely, a red sugests bearish bias and potential for a short trade.
EUR/JPY H1 chart example
As you can see in the above chart – everytime the moving average changed color, there was a meaningful movement in the given direction. It was designed to give great signals and most of the time it does so, however be reasonable as there is no tool that give 100% success rate.
Suggestion for perfect entries
The best entry is not necessarily just right after switch. Our recommendation here is to wait for a price pullback with no color change as mandatory condition. In this setup the downside risk is very limited, with huge profit potential – expected after original direction resumes.
