Signal trend indicator Volatility quality
Signal trend indicator Volatility quality is designed to enter the market in the direction of the current trend.
The indicator is displayed in the basement of the price chart of the currency pair in the form of a line, the color of which corresponds to the current trend. When you change trends an arrow of the appropriate direction and color appears on the Volatility quality indicator line.
The Volatility quality signal trend indicator is multitemporal, which allows you to display readings from any selected time interval on the chart.
Volatility quality indicator settings
- TimeFrame - timeframe in minutes
- Lenght - affects the frequency and accuracy of signals;
- Method - smoothing method
- Smoothing - the degree of smoothing
- Filter - filtering, the higher the value, the fewer signals and they are more accurate on trends
- Count Bars - the number of history bars on which the indicator is displayed
According to ForTrader.org experts, Signal trend indicator Volatility quality can be used together with additional filtering indicators, since there is a high probability of false signals during the flat period.
The method of plotting several Volatility quality indicators on the price chart with different timeframes and the tactic of entering the market when the signals on all timeframes coincide looks quite promising.
Download signal trend indicator Volatility quality
Other signal indicators
It is an interesting indicator, but even judging by the chart, filtering signals with other indicators is necessary. I have not tried this indicator myself, but there is an opinion that its accuracy does not exceed the accuracy of entering by the usual moving average crossing (EMA).
Much depends on the interpretation of indicator signals.