Super Darma Forex Volatility Indicator For MT4

The super Darma Forex volatility MT4 indicator works with ATR (Average True Range) and a powerful signal line.

This Forex indicator has the ability to generate powerful market volatility based buy and sell signals.

Interpret the Darma volatility indicator as follows:

  • A rising ATR Darma line indicates higher market volatility.
  • A declining ATR Darma line indicates lower market volatility.

You can combine the ATR Darma line (LightSeaGreen color) and the signal line ( Purple) to buy and sell pairs.

This creates a market volatility crossover Forex system. Below, I will explain how it works.

Download This MT4 Forex Indicator Free

Download the “atr-darma.ex4” Metatrader 4 indicator

Super Darma Forex Volatility Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With The Super Darma Forex Volatility MT4 Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Open a buy trade when the LightSeaGreen colored market volatility line crosses above the Purple signals line from below.

Place a protective stop loss just below short-term support, or use your own stop loss placement strategy.

Close the buy trade for a reward/risk ratio of 1.5 or better.

Alternatively, exit the buy trade for a fixed take profit target, for example, 18 pips on the 1-minute scalping trading chart.

Sell Trigger: Open a sell trade when the LightSeaGreen colored market volatility line crosses below the Purple signals line from above.

Place a protective stop loss just above short-term resistance, or use your own stop loss placement strategy.

Close the sell trade for a reward/risk ratio of 1.5 or better.

Alternatively, exit the sell trade for a fixed take profit target, for example, 27 pips on the 15-minute intraday trading chart.

Download This Forex Indicator Now

Download the “atr-darma.ex4” MT4 indicator

Adjustable Parameters

ATR period, signal line period, signal line MA period, colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
  • 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: volatility

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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