iVAR Indicator

iVAR Indicator

iVAR Indicator For MT4 identifies trending, flat, or undefined forex market conditions. Helps traders apply appropriate technical indicators and strategies.

The iVar indicator for MT4 identifies whether the current forex market is trending, flat or undefined. iVar – Variation Index uses the fractal nature of a time series to identify these information. As a result, forex traders can identify the current market condition and apply range trading or trend trading strategies accordingly.

The indicator is very useful for new forex traders struggling to identify the presence or absence of a trend. Furthermore, traders can use this indicator as a filter in automated forex trend trading strategies. Moreover, this indicator is suitable for intraday and long-term forex trading strategies.

iVAR Indicator For MT4 Trading Signals

The indicator plots a red oscillator line in a separate indicator window, for clarity purpose traders should add a line at 0.5 levels. Any indicator values below 0.5 level indicates that the current market is trending. Conversely, above 0.5 levels indicates a flat trend condition. However, values close to 0.5 show an undefined market trend.

Another important method is to look at the extremely low or extremely high values of the indicator. An extremely low value indicates the end of the current trend, while extremely high values often precede before the beginning of a new trend.

Most forex traders use same technical indicator or setup for all market conditions. Different forex market trend conditions warrant the application of different trading strategies. So, by using this indicator, forex traders can identify the current market state properly and perform technical analysis using appropriate technical indicators. And derive profitable trading results by identifying the market trend condition.

Conclusion
In summary, the iVar indicator for MT4 helps forex technical traders to identify and deploy trending or ranging trading strategies accordingly.