Harmonic Volatility Indicator MT4
Harmonic Volatility Indicator is the first technical analysis applying the Fibonacci analysis to the financial Volatility. Harmonic volatility indicator is another level of price action trading tool which combines robust Fibonacci ratios (0.618, 0.382, etc) with trading volatility. Originally, Harmonic Volatility Indicator was developed to overcome the limitation and the weakness of Gann’s Angle, also known as Gann’s Fan. We have demonstrated that Harmonic Volatility Indicator can be applied in a similar manner to Gann’s Angle (or Gann’s Fan) to your chart. At the same time, since the volatility is very important information for traders, Harmonic Volatility Indicator can bring many other benefits to traders too. Harmonic Volatility Indicator can be well incorporated to your existing technical analysis or you can use it as totally standalone technical analysis for your trading. It is also very effective in spotting mature trend in its end phase. You can use this tool to identify the significant support resistance levels, trend reversal point and trend strength.
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