iVAR indicator.

The iVAR indicator is easy to use and quite effective in its operation, allowing you to assess the strength of a current trend.

The iVAR indicator automatically switches and recalculates the trend strength over the selected timeframe, allowing you to optimize your trading and find the most favorable market entry points.

The tool can also be used as a source of exit signals, warning you in advance of a major pullback or trend reversal.

The script's operation is based on fractal analysis; this is the secret to its effectiveness and versatility; it can be used on any time frame and for any currency pair.

After unzipping the archive and copying the iVAR indicator to the appropriate folder in the trader's terminal, restart the program and add the new script to the selected chart.

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

The tool has only a few settings, the most important of which is the number of bars included in the analysis. By default, this parameter is set to 1000. For short-term trading, you can reduce it slightly.

Using the tool is quite simple; it's best to open trades when the curve is well below the 0.5 level and begins to move upward. A movement parallel to the level most often indicates a flat market, while a downward movement indicates a weakening of the existing trend.

You can also use other forex indicators .

Download the iVAR indicator .