TVI is already popular as an Indicator now with Histogram added option. TVI Histogram Indicator for MT4 is for everyone who likes Histogram style more then normal TVI Indicator.
This Indicator can be used on all timeframes even the short ones 1m or 5min but best results are on higher timeframes like 1h or 4h or even daily timeframes.
When using TVI Histogram Indicator you should make sure you do not use it alone. It should always be combined with other popular indicators such as Moving Average or RSI. TVI was designed with minimal LAG in mind and it is much faster then for example Moving Average. TVI Histogram Indicator will repaint on the current bar but once the bar closes it will not repaint anymore.
When looking for trades you should consider entering LONG trades when TVI Indicator is above zero and rising (green). And looking for SHORT trades when TVI Histogram Indicator is below zero and falling (red) line.
Related Mt4 Indicators
Panca Eagle Breakout Indicator for MT4
Download Metatrader 4 EMA with MACD Indicator
Don't Miss Pro Indicators And Trading Systems