Volty Channel Stop Indicator

Volty Channel Stop Indicator

The Volty Channel Stop indicator for MT4 detects the trend reversal zones of the price.

The Volty Channel Stop Indicator for MetaTrader 4 is a channel-like indicator that follows the trend of an instrument and displays potential reversal zones. It uses the Average True Range (ATR) and a moving average, which monitor the trend flow and reversal zones in the forex market.

The moving average of the indicator identifies and follows the trend to show the direction of the market, while the ATR identifies potential reversal zones for a possible buy/sell entry. Nonetheless, it isn’t suitable to be used as a stand-alone indicator to make trading decisions. Therefore, it is recommended to be used as a confluence with price/other technical indicators for better efficiency.

How to Trade with the Volty Channel Stop Indicator for MT4

The above image shows the action of the indicator for MT4 on the EURUSD currency pair.

The red and blue lines are the lines of the moving average, which follows the trend, while the blue and red dots are the buy/sell signals generated by the ATR indicator. Thus, the indicator signals a buy entry zone when it paints the blue dot, while the red dot signifies a sell zone.

Conclusion
The Volty Channel Stop indicator for MT4 is an ATR-based system that delivers buying and selling opportunities in the forex market. Finally, the indicator is free to download.