Lopez Impulse indicator calculates volatility and price directional movement simultaneously to identify the true price breakouts and eliminate any indecisive and sudden price fluctuations which are often mistaken for a breakout.
Trading with the Lopez Impulse indicator you will be able to increase your profitability by better understanding the market and avoid any false breakouts.
How to trade with Lopez Impulse indicator
The blue and red histograms represent the bullish and bearish impulses respectively. While the gray histogram projects the current volatility and the blue dotted moving average is the average volatility.
When the bullish impulse exceeds the average volatility you can expect the pair to appreciate. While when the bearish impulse exceeds the average volatility you could expect the bears to take over.
It’s worth noting that the indicator has alerts implemented and it does not repaint or backpaint.
Related Mt4 Indicators
Don't Miss Pro Indicators And Trading Systems