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.
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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.
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ATR period, signal line period, signal line MA period, colors, width, style.
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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.