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Two Moving Averages Chaikin Forex Trading MT4 Indicator

    The Chaikin3s Volatility 92 lines l indicator for MetaTrader 4 was designed by Marc Chaikin to define volatility by computing the difference between the high and low for every period.

    The indicator gauges the difference between two moving averages i.e. the 3-day EMA of the Accumulation Distribution Line and the 10-day EMA of a volume-weighted Accumulation Distribution Line.

    This forex MT4 trading indicator is designed to foretell directional changes in the Accumulation Distribution Line by gauging the momentum behind price actions.

    You can easily combine this indicator with the Cronex T Demarker GF Metatrader 4 Forex Indicator for more reliable trading signals.

    Free Download

    Download the “Chaikin3s_Volatility_92_linesl.ex4” MT4 indicator

    Example Chart

    Chaikin-forex-indicator

    Changes in momentum usually precedes trend change. Chartist can always benefit from the Chaikin3s_Volatility_92_linesl indicator’s ability to anticipate changes in trend for an underlying security. Signals for the Chaikin3s_Volatility_92_linesl indicator can be generated either via alerts resulting from crosses above/below the zero line or via bearish/bullish divergences.

    Generally speaking, we can say price that price is bullish if the value of the Chaikin3s_Volatility_92_linesl indicator is positive or price is bearish if the value of the indicator is negative. The Chaikin3s_Volatility_92_linesl oscillates above and below the zero line.

    Momentum shift in buying or selling pressures can be spotted when using the Chaikin3s_Volatility_92_linesl indicator, usually in the form of bearish and bullish divergences. A bullish divergence forms with the indicator forming higher lows while price moves to new lows.

    A bearish divergence forms when the Chaikin3s_Volatility_92_linesl indicator forms new lows while price surges to new highs. Just as in all other indicators, the Chaikin3s_Volatility_92_linesl indicator should not be used as a lone indicator.

    Download

    Download the “Chaikin3s_Volatility_92_linesl.ex4” MT4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart window indicator

    Customization options: Variable (iPeriod, maPeriod, maSlowPeriod), Colors, width & Style.

    Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: momentum oscillator