WVF MA Alerts Indicator

The WVF MA alerts indicator for MT4 adds a moving average to the Williams Vix Fix indicator. As a result, trade entry signals that are filtered by the moving averages are of better quality and profitable. Moreover, the addition of the MA line simplifies the trading decision using this indicator and avoids subjectivity of the VIX.

New forex traders should educate themselves with VIX – Volatility index before trading with this indicator. The indicator works well with all intraday and higher time price charts and is useful for traders of all types. In many automated trading systems the VIX plays an important role, so traders can use in confluence with others.

WVF MA Alerts Indicator For MT4 Trading Signals

The indicator plots a yellow indicator line and the green moving average line. The trading strategy is based on the crossover of the indicator lines. However, they are different from the regular type of crossovers with regard to the market’s direction and crossover direction.

If the indicator line crosses the moving average line downwards, it indicates a bullish move. So traders should enter the market with a buy trade with a stop loss below the previous swing low. The indicator does not provide a profit target, so traders should exit with a good risk reward or at an opposite signal.

Similarly, if the indicator line crosses the moving average line upwards, then traders should enter a sell position.

Indicator Settings

• Vix length:, Vix price: Input for vix calculation
• True = vix line, false= vix histogram: Enables line or histogram
• Ma of Vix period:, Ma of vix type: Input for moving average calculation
• Alerts on?: Alerts open bar?: # Alerts message?: Alerts sound?: Alerts notification?: # Alerts email?: Enables alerts

Conclusion

In summary, the WVF MA alerts indicator for MT4 is an excellent tool for forex traders using VIX – volatility index in technical analysis and trading strategies.