Var Moving Average Indicator is a trend following forex trading indicator. It is one of the best forex trading indicators built for the hardcore trend followers. This forex trading indicator is popular among the stock traders, currency traders, and commodity traders. Its ability to give genuine money making signals to its users is what makes this forex trading indicator so popular. This indicator is also popular because it gives more choices to its users. I mean you can trade on any time frame and any instruments. Here, we are more concerned with forex trading so I will be talking from forex market’s perspective.
Var Moving Average Indicator Overview
|Time Frame||Currency Pairs||Name of Indicator||Ratings|
|Any||Any||Var moving average||9.8/10|
When you install this indicator in your metatrader 4, you will see something like this:
About Var Moving Average Indicator
It is the moving average like thing that you see on the chart. This indicator is made up of blue and pink dots. Blue dots indicate buying signal and pink dots indicate selling signal. This indicator also shows you reversal points by generating yellow dots in peaks and bottoms but you can simply ignore these signals. You can simply follow the colors of the indicator and make money.
Var Moving Average Indicator: Buy Parameters
- Forex pair you are watching should be up trending.
- Forex pair should be bouncing from the recent support.
- Var Indicator should turn blue.
- Place your long position when all of the above conditions are met.
- Place your stop loss below the recent swing low.
- Take your profit when Var Moving Average Indicator turns pink.
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Var Moving Average Indicator: Sell Parameters
- Forex pair you are watching should be down trending.
- Forex pair should be pulling back from the recent resistance.
- Var Indicator should turn pink.
- Place your short position when all of the above conditions are met.
- Place your stop loss above the recent swing high.
- Take your profit when Var Moving Average Indicator turns blue.