Volty Channel Stop on Jurik Indicator

Volty Channel Stop on Jurik Indicator

The Volty Channel Stop on Jurik Indicator for MT4 displays the trend direction and potential reversal zone of the price.

The Volty Channel Stop on Jurik Indicator for MetaTrader 4 is a trend reversal indicator that relies on a trend analyzer and the the Average True Range (ATR) of the price for a change in the market direction.

The indicator was built with a big and small dot, which tells the trend direction and the potential reversal zone, respectively. The small dot represents the ATR indicator, while the big dot shows the trend direction of the market. So, the price of an instrument is expected to change direction when it touches the ATR dot.

How to Trade with the Volty Channel Stop on Jurik Indicator for MT4

The attached image shows the trend analysis and buy/sell signals generated by the indicator for MT4.

The big sky blue/violet red dots represent the potential bullish/bearish trends, while the small sky blue/violet red dots depict the ATR limit for potential buy/sell signals. So, the big dot is meant to signal the trend direction, while the ATR is responsible for signaling a potential price limit for trend reversal.

For instance, wait for the indicator to paint the big sky-blue dot (which signifies a bullish trend) and then open a buy order when the price touches and rejects the small sky-blue (ATR) dot. Furthermore, you may also use price action/other technical indicators to filter out false moves.

Conclusion
The Volty Channel Stop on Jurik Indicator for MT4 is a trend reversal tool backed by a trend analyzer and the ATR indicator to deliver high-probability trading opportunities.