The CDRVolatility indicator can be used as a guide for setting the S/L, T/P and T/S. Within the chosen time window, for a net positive price gain, this indicator displays the largest upswing (convergent signal) and the largest downswing (divergent signal). For a net negative price change, the largest downswing becomes the convergent signal and the largest upswing is the divergent signal.
Trading performance improves as the convergent and divergent curves spread apart. The divergent signal provides a lower limit for the Stop Loss (in pips). The convergent signal provides a guide to the Take Profit level and the overall range volatility.
The user can choose the window size, the threshold (pips) for price movement (open to close across the window) and the period for averaging the indicator.
MT4 Indicators – Download Instructions
Convergent Divergent Range Volatility is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Convergent Divergent Range Volatility provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Convergent Divergent Range Volatility.mq4?
- Download Convergent Divergent Range Volatility.mq4
- Copy Convergent Divergent Range Volatility.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Convergent Divergent Range Volatility.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Convergent Divergent Range Volatility.mq4 is available on your Chart
How to remove Convergent Divergent Range Volatility.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download below:
Convergent Divergent Range Volatility