The Average Size Bar Volatility indicator for Metatrader 4 provides traders with useful market volatility information in real-time.
The indicator appears as a single red line that measures the average size bar of the candlesticks.
General Assumptions:
- A rising Average Size Bar Volatility signal line indicates increasing market volatility.
- A falling Average Size Bar Volatility signal line indicates decreasing market volatility.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “average-size-bar-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
Please combine the Average Size Bar Volatility Forex indicator with an existing trading system or strategy for better future trend prediction.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: MA period, MA shift, MA method, color settings & style
Indicator type: Volatility
Repaint? Not applicable.
Download Now
Download the “average-size-bar-indicator.mq4” indicator for Metatrader 4
Usage:
Works for any any time frame and MT4 instrument.
It’s highly recommended to combine the Average Size Bar Volatility Forex indicator with other technical indicators for optimal trade entry & exit.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the average-size-bar-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.