Re: Volatility Indicators for MT4

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5.  WR7OD Maximum seven-day trade range

"Seven-day wide trade range (WR7OD) appears,
when the current bar has the widest trade range for the last 7 bars. And at the same time the maximum of this bar is higher than a maximum of the previous bar, and the minimum is lower than a minimum of the previous bar.
This model appears at the beginning of a trend or at the time of change of a tendency, and also at an exit from consolidation of the price
Trade:
It is the best of all to open positions on the WR7OD model in the direction of the main tendency. But also this model meets also on turns.
If you don't expect a tendency turn, then continue to open positions on a trend. At emergence of the WR7OD model establish the
levels for opening of a position on a minimum or a maximum of this bar depending on the main tendency or according to your understanding of a turn of a trend.
Stop:
We put feet on the opposite side of bar.
Target:
We establish target levels for fixing of profit at distance in 50 and 100% of the size WR7OD"
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For him the indicator - 7 Candles NRblue ARROWS
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The arrow shows on a pattern, but not the direction of an entrance
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