VH Indicator » Free Forex MT4 Indicators (mq4 & ex4)

VH Indicator is simple looking (not to say plain), yet very powerful one. You can meet many traders opinions that this is one of the best indicators available on the market today. There is no doubt you should at least try it. And although there may be voices „how such a simple tool can be so effective?” – but results of trading with VH indicator most probably will change their mind. When one follows all the rules of the indicator correctly he should be making a nice chunk of money regularly.

How does VH indicator works?

The indicator is based on the moving averages. It displays on the chart a continuous line made of blue and red dots that precisely follow market prices.

Check also: xmaster formula forex indicator

How to install the VH forex indicator on your Metatrader 4 trading plaftform?

Download the indicator by clicking “LINK” button at the bottom of this post.
Copy and paste the vh indicator files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
Restart your Metatrader 4 Client.
Select Chart and Timeframe where you want to test the indicator
Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
Right click on vh indicator.mq4 and than click “Attach to the chart”.
You can modify settings if you need and than click ok.
The indicator is ready and running on the chart.

Bottom Line

The VH 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.