9/18/2023 0 Comments Scan volatility mt4![]() Keeping in view the market’s volatility while trading can give you a huge edge over other traders because then you will know the right market conditions to trade with the help of this indicator. The take profit level for a long position is when the colour of the volatility quality zero line indicator for mt4 changes from green to red, and the take profit level for short trades is when the line’s colour changes from red to green. In case the swing lows swing highs are too far away from where the indicator gives the signal, then you should avoid taking that trade. The most recent swing highs in the case of shorts position and most recent swing lows in the case of long positions will act as take profits for trading with volatility quality zero line indicator. Based on that, you can take the long trades when the line turns red to green and the short trades when the line turns green to red. And the volatility line turns red when the market is in bearish conditions. Volatility Quality Line indicator for MT4 settings Trading strategy for Volatility Quality Zero Line IndicatorĪs discussed in the first section, the indicator’s volatility line turns green when the market is in bullish conditions.
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