Hyper Trend Indicator can be useful for those who prefer scalping in their trading. However, it can be used in medium-term trading. But to do this, you will need to find the appropriate settings. The installation order of this indicator in MT4 is no different from the standard scheme. VHT is a trend indicator. Therefore, trading on his signals during housing is not recommended.
Volatility Hyper Trend
You can try changing its settings to improve the performance of this indicator. All two parameters to work.
This market analysis tool generates signals based on a degree of volatility analysis. Using the ATRperiod option, you need to tell the indicator how many candles to use in the calculation. Multiplier variable is the smoothing level. Other parameters are not important because they are designed to configure visual design and alert incoming signals. Yes, ArrowColorBUY, ArrowColorSELL, UpTrendWidth, and DnTrendWidth are the colors of the pointer lines and arrows. AlertOn and SoundFile can set up an audible alert. A PopUpAlert is designed to activate notifications.
How to trade on indicator signals
To get started, let’s see what it looks like in the Prices chart:
A separate window displays two lines. If the two-color line changes from red to blue and the line is above the line painted green, the market creates a downward motion. You can open a sales transaction. If the two-color line changes color from blue to red, and it is below the line painted green, it means that the market creates upward movement. We are considering opening a buy order. But you can follow these lines and do not follow. To simplify the process of reading signals, the pointer draws the corresponding arrows in the chart. If we see that the chart has a blue arrow – buy, red arrow – sell. As always, I want to warn you that before trading for real money on Volatility Hyper Trend signals, you need to test your work in a demo account. In addition, I recommend raising a second indicator that will filter the signals coming from with VHT. Download archive below with indicator files: Volatility_Hyper_Trend Inga F Odorova 10 1001 04.10.2020 Volatility Hyper Trend entry indicator for scalping first appeared magazine for Forex traders forex-for-you.ru.