Forex RVM Basis MT4 Indicator:
About the Forex RVM Basis MT4 Indicator
RVM is an indicator that forms a Channel around the Price Bars. It works on all timeframes.
When the price exceeds the upper line it is time to SELL. When it crosses the bottom line it is time to BUY.
RVM is not a simple Channel around the Average Prices, the outer lines are drawn based on volatility:
You can see that the channel becomes WIDER when prices move more strongly. And it NARROWS in the same way when the market is calm.
The new Free version is equal to the Full version.
Now with the possibility of Auto Optimize based on volatility and the percentage of bars selected + Alerts.
The free version can be used for AUDUSD
1. TMA Period – Moving average calculation period
2 .ATR Period – Period for calculating the true average range
3. ATR Multiplier Top Line – Volatility multiplier upper line
4. ATR Multipler Bottom Line : You can adjust this parameter for best results.
In this version you can adjust the upper and lower lines independently to obtain more realistic results with the market.
5. Auto Optimization: “Available in full version”.
6. ATR Multipler Step: “Available in full version”.
7. Bars to Optimize: “Available in full version”.
8. Percentage of Bars Inside the Channel:“Available in full version”.
9. Show Comment: “Available in full version”.
10. Center Line Color
11. Top Line Color
12. Bottom Line Color
Generally, when the price reaches extremes, a reversal in the price can be expected.
Visually adjust your parameters for your trading!
If you like the indicator, please leave an opinion, this will favor more PRODUCT UPDATES.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)