The Volty Channel Stop indicator is a popular and useful tool for forex traders using the MetaTrader 4 platform. This free indicator helps traders identify potential trend reversals by plotting a channel around the price action. When the price crosses above or below the channel, it can signal a possible change in direction. To use the Volty Channel Stop indicator, simply add it to your MT4 chart and customize the settings to fit your trading strategy. Traders can adjust the period, deviation, and other parameters to optimize the indicator’s performance. When the price breaks out of the channel, it can be used as a signal to enter or exit trades. Overall, the Volty Channel Stop indicator is a valuable resource for forex traders looking to enhance their trading decisions and improve their profitability.
MT4
Volty Channel Stop
Volty Channel Stop Indicator for MT4 is a useful tool for forex traders. This popular and free indicator helps to identify trends and potential reversal points in the market. It works by calculating the volatility of a currency pair and plots dynamic stop levels based on this data. Traders can use this indicator to set stop loss and take profit levels effectively.
Indicator Type | |
---|---|
Trading Style | , |
Platform | |
Timeframe | , |
0
People watching this product now!
Category: Signal
Downloads -
Description
Reviews (0)
Be the first to review “Volty Channel Stop” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Super Arrow
The Super Arrow Indicator is a forex tool for MT4 that generates high-probability trading signals by using multiple indicators such as Moving Averages, Relative Strength Index, Bollinger Bands, and Magic Filter. It filters out false signals and provides good trade signals by combining these indicators.
Qualitative Quantitative Estimation
The Qualitative Quantitative Estimation Indicator is a powerful tool for traders in the Forex market. It's a new and popular indicator that works with the MT4 platform. The QQE Indicator is used to determine market trends, identify overbought and oversold positions, and detect divergence in prices and momentum.
Darvas Boxes nmc
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
MA Crossover Alerts
The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
Reviews
There are no reviews yet.