The free Average Size Bar Forex volatility indicator was built for Metatrader 4 and displays market volatility.
It uses a simple moving average for its calculations.
The Average Size Bar Forex indicator displays market volatility (red line) in a sub-window underneath the main MT4 activity chart.
How to interpret the Average Size Bar MT4 indicator?
- A high indicator reading represents high market volatility.
- A low indicator reading represents low market volatility.
Please note that the indicator itself does not give us any clues where the market is heading to.
It only displays market volatility.
Deploy the indicator for scalping, day trading and swing trading market volatility purposes.
Feel free to explore the Average Size Bar indicator’s different parameters and settings to create your own personalized indicator setup.
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Average Size Bar Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
This indicator works for any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With The Average Size Bar Forex Volatility Indicator
Deploy together with your own Forex strategy or price action system.
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MA period, MA shift, MA method, colors, width, style.
The indicator can’t be used as a stand-alone signals indicator.
Use together with:
- Trading oscillators (MACD, Stochastic, DeMarker,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI, Parabolic SAR,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: market volatility
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.