iVAR indicator.

Easy to use and quite effective in operation, the iVAR indicator provides an opportunity to assess the strength of the currently existing trend.

The iVAR indicator automatically switches and recalculates the strength of the trend on the selected time period, which allows you to optimize trading as much as possible and find the most successful entry points into the market.

The tool can also be used as a source of signals to close transactions; it will warn in advance of a major rollback or trend reversal.

The work of the script is based on the analysis of fractals, and this is the secret of its effectiveness and versatility; it can be used on any time frame and for any currency pair.

After unpacking the archive and copying the iVAR indicator itself to the appropriate folder in the trader’s terminal, we restart the program and add a new script to the selected chart.

The strength of the trend is displayed using a curved line that appears in a separate window below the price movement window for the currency pair.

The tool has only a couple of settings, the main one of which is the number of bars involved in the analysis; by default, the parameter is set to 1000. For short-term trading, you can reduce it a little.

Using the tool is quite simple; it is advisable to open trades when the curve is much below the 0.5 level and begins to move in the upward direction.

A parallel movement to the level most often indicates a flat, and a downward movement indicates a weakening of the existing trend. To confirm received signals, you can also use other Forex indicators .

Download the iVAR indicator .