Mt4 Val Wristbands
Indicator for MT4 Val Bands, which I want to tell you today, is a universal technical analysis tool. This means that there are no recommendations for currency pairs and time frames. This indicator can be used to trade any tool and on the selected TF.
The algorithm, located in this indicator, provides an analysis of the volatility of a currency pair. Many of them allow you to collect data on the range of price movement and their application.
The indicator file (link at the end of the article) should be placed in the appropriate trading platform folder. Before you can trade, you need to make indicator settings.
They are few and far between, but these options are important for the correct display of signals.
First, you need to specify an indicator of how many candles from history you should use in your calculations. To do this, there is a history of the variable in the settings.
Depending on the degree of variability, the indicator for PASM MT4 Val draws multicolored curves in a separate window. The parameters should specify their period, type and deviation. This is done using bands-Period, Bands-Mode and Bands-Deviations variables.
Variable band-shift is used to adjust the degree of displacement of curves.
Last-minute Show-Bands. It can be used to turn the lights on or off.