VH Indicator for MetaTrader 4 Download - Free - [TradingFinder]

The VH Indicator is one of the MetaTrader 4 indicators that identifies bullish and bearish market trends using the crossover of two moving averages. This indicator displays bullish trends in blue and bearish trends in red.

Traders can use the trend changes displayed by this indicator as entry signals to enter buy or sell positions at appropriate points.

VH Indicator Table

The table below outlines the general specifications of the VH Indicator:

Category	Signal and Forecasting - Support and Resistance - Trading Tool
Platform	MetaTrader 4
Skill Level	Intermediate
Indicator Type	Entry - Lagging - Exit
Timeframe	Multi-Timeframe
Trading Style	Scalping - Day Trading - Intraday Trading
Trading Markets	Forex - Stocks - Indices

Bullish Trend

In the 1-hour Gold chart, the VH Indicator has identified a bullish trend. Traders can enter a buy position when the trend changes from bearish to bullish, indicated by the color change of the VH line.

Additionally, the VH line can be used as a support level. If the price retraces to this level, traders can re-enter the market and take advantage of favorable trading opportunities.

Bearish Trend

In the 30-minute GBP/USD chart, the price trend has changed from bullish to bearish. Traders can enter a sell position after confirming the trend change through the VH Indicator and observing the color change of the VH line.

If traders delay entering the trade, they can use the VH line as a resistance level and enter a sell position when the price retraces to this level or use it as a re-entry point.

VH Indicator Settings

The settings for the VH Indicator are as follows:

• Slow Period: Set the period for the Slow moving average
• Fast Period: Set the period for the Fast moving average

Conclusion

The VH Indicator is a useful tool for identifying trading opportunities. It is one of the signal and forecasting indicators for MetaTrader 4 and is used to detect trends on the chart.

Traders can use the trend changes identified by this indicator as trading signals. Additionally, the VH line can be used as a support or resistance level, allowing traders to make more specialized trading decisions when the price interacts with this level.