The arrow trading indicator Jurik Volatility Bands is a signal indicator that uses the interaction of the volatility channel and the price to generate trading signals.
Jurik Volatility Bands MT4 indicator builds a volatility channel below the chart, which limits price movement. A price rebound from the channel border is interpreted as a signal to open a deal – an arrow of the corresponding color and direction appears on the chart. The indicator arrows do not repaint, but it is advisable to wait until the signal candle closes before opening a position.
The Jurik Volatility Bands arrow indicator can be used for scalping. The indicator works best on a ranging market where you will be able to catch all highs and lows of the price. However, be careful when trading on a trending market. In that case you will need a trend filter indicator to reduce the number of false signals.
Features of Jurik Volatility Bands indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In jurik-volatility-bands.zip file you will find:
- jurik volty – bands – separate.ex4
Download Jurik Volatility Bands MT4 indicator for free: