• Thu. Jan 14th, 2021

DadForex

All about Forex trading

Jurik Volatility Bands Indicator: Non Repainting Arrow Signals

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

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: