If you're looking to enhance your trading game, the Volatility Step Channel indicator for MetaTrader 4 is a tool worth considering. This nifty indicator is based on volatility and provides insights that can help you make informed trading decisions.
Latest Updates (as of 12/09/2015):
- Version 1.01 introduces a hybrid mode for added flexibility.
* The Base Volatility Indicator is calculated using a 70-period moving average of the standard deviation over 10 periods.
Settings:
Recommendations:
Utilizes two step channels for precise analysis
First settings configuration
Second settings configuration
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