About the Volcanowma Forex Signals Indicator
The Volcanowma Forex Signals Indicator is a high-performance technical tool built to provide traders with definitive entry points across various currency pairs.
It utilizes a weighted moving average logic combined with proprietary volatility filters to identify high-probability trend shifts.
This indicator eliminates the uncertainty of manual analysis by calculating market momentum in real time and delivering actionable signals directly on the main price chart.
One of the most critical advantages of the Volcanowma Forex Signals Indicator is its non-repaint nature.
Once a signal arrow appears and the candle closes, the signal remains fixed on the chart, providing a reliable historical record for backtesting and live trading.
This level of transparency allows traders to gauge the actual performance of the system without the distortion often found in lagging tools.
Free Download
Download the “VOLCANOWMA.mq4” indicator for MT4
Key Features
- Delivers non-repaint green and red arrows to ensure signal integrity and historical accuracy.
- Analyzes price action with a weighted mathematical approach to capture momentum shifts early.
- Provides a clean interface that integrates seamlessly into any existing technical setup.
- Helps in identifying potential trend reversals before they become obvious to the broader market.
- Offers adjustable input parameters to allow for customization based on individual risk tolerance.
Indicator Chart
The chart illustrates the Volcanowma Forex Signals Indicator generating clear entry signals during different market phases.
You can see how the green arrows mark potential long opportunities while the red arrows highlight where bearish momentum is taking over.
These signals provide a straightforward way to track trend changes as they happen.
Guide to Trade with Volcanowma Forex Signals Indicator
Buy Rules
- Monitor the chart for the appearance of a green Volcanowma Forex Signals Indicator arrow.
- Wait for the current price candle to close to confirm the validity of the signal.
- Enter a long position at the open of the following candle.
Sell Rules
- Monitor the chart for the appearance of a red Volcanowma Forex Signals Indicator arrow.
- Wait for the candle to close to ensure the arrow remains fixed on the chart.
- Enter a short position at the open of the following candle.
Stop Loss
- Place your stop loss below the most recent swing low for buy signals.
- Place your stop loss above the most recent swing high for sell signals.
Take Profit
- Exit the trade when an opposite signal arrow is generated by the indicator.
- Alternatively, target a specific risk-to-reward ratio such as 1:2 based on your entry point.
VolcanoWMA + SuperTrend MTF Forex Day Trading Strategy for MT4
The VolcanoWMA and SuperTrend MTF indicators form a powerful and reliable day trading strategy for MT4 traders who prefer fast and accurate trend confirmations.
This system is ideal for traders who focus on M5, M15, and H1 charts, aiming to catch intraday momentum with clear entry and exit levels.
The combination of these two tools helps identify strong reversals while filtering out false moves during volatile market hours.
The VolcanoWMA Forex Signals Indicator for MT4 is designed to detect directional momentum shifts through its weighted moving average logic.
It prints a green arrow when a bullish reversal is detected and a red arrow when a bearish reversal begins.
On the other hand, the SuperTrend MTF Forex Signal Indicator for MT4 confirms the overall trend direction by displaying a green line for bullish conditions and a red line for bearish conditions.
By combining these two, traders gain both precision entries and reliable trend filters.
How the Strategy Works
This MT4 strategy works by synchronizing the entry signal of the VolcanoWMA indicator with the trend filter from the SuperTrend MTF.
The goal is to trade only in the direction of the prevailing trend, confirmed by both indicators.
Using multiple time frames (M5, M15, and H1) enhances accuracy — the higher time frame confirms direction, while the lower one pinpoints entry timing.
Buy Entry Rules
- Confirm that the SuperTrend MTF line is green on both the M15 and H1 charts (bullish trend).
- Wait for the VolcanoWMA indicator to paint a green arrow on the M5 chart.
- Open a buy trade at the close of the candle where the green arrow appears.
- Place the stop loss just below the most recent swing low.
- Set the take profit at 1.5 to 2 times the stop loss distance or exit when the VolcanoWMA prints a red arrow.
Sell Entry Rules
- Confirm that the SuperTrend MTF line is red on both the M15 and H1 charts (bearish trend).
- Wait for the VolcanoWMA indicator to paint a red arrow on the M5 chart.
- Open a sell trade at the close of the candle where the red arrow appears.
- Place the stop loss just above the latest swing high.
- Set the take profit at 1.5 to 2 times the stop loss distance or exit when the VolcanoWMA prints a green arrow.
Advantages
- Combines fast signal generation with strong trend confirmation.
- Minimizes false entries by using multiple time frame filters.
- Clear visual signals make it beginner-friendly.
- Adaptable to various trading styles (scalping, day trading, swing).
Drawbacks
- Signals may appear late during sharp reversals.
- Performance weakens in choppy or sideways markets.
- Requires constant chart monitoring during active sessions.
- Best results depend on correct multi-timeframe synchronization.
Example Case Study 1 – EUR/USD (M5)
During the London session, the SuperTrend MTF on M15 and H1 turned green, confirming a bullish trend.
On the M5 chart, the VolcanoWMA printed a green arrow near 1.0860.
A buy trade was opened at the close of that candle, with a stop loss at 1.0840 and a target of 1.0890.
Within two hours, the price hit the take profit level for a gain of 30 pips, showing how well the trend confirmation worked to avoid early entries.
Example Case Study 2 – GBP/JPY (M15)
On a volatile New York session, the SuperTrend MTF showed a strong red trend on both M15 and H1.
The VolcanoWMA printed a red arrow on M5 near 191.30.
A sell trade was taken, with a stop loss above 191.70 and a target at 190.70.
The price dropped sharply, reaching the profit target in less than an hour, securing 60 pips.
This confirmed the strength of the downtrend and the accuracy of the entry signal.
Strategy Tips
- Always wait for the candle to close before acting on the VolcanoWMA signal.
- Use the M15 and H1 time frames to confirm direction before trading on M5.
- Avoid entering trades when the SuperTrend line is flat or frequently changing colors.
- Combine this system with support and resistance analysis to find optimal entry zones.
- For stronger confirmation, trade only during high-volume market sessions.
Download Now
Download the “VOLCANOWMA.mq4” indicator for Metatrader 4
FAQ
Can I adjust the sensitivity of the signals in the settings?
Yes, the indicator allows you to experiment with the default input values.
By adjusting the period settings, you can make the indicator more sensitive to catch early moves or increase the smoothing to focus only on major trend changes.
It is recommended to test these changes on a demo account first.
Is this indicator suitable for trading assets other than Forex?
The Volcanowma Forex Signals Indicator is designed to analyze price momentum, which is a universal concept.
This means it can be applied to gold, oil, indices, and even cryptocurrencies within the MT4 platform.
The precision of the arrows remains consistent regardless of the asset being analyzed.
How should I handle signals that appear during low-liquidity periods?
It is generally best to avoid trading signals that appear during the late Friday session or during major bank holidays.
Even the best indicators can struggle when there is not enough volume to sustain a price move.
Focus on the London and New York sessions for the most reliable results.
Summary
The Volcanowma Forex Signals Indicator stands out as a reliable tool for traders who value simplicity and accuracy.
Its non-repaint signals provide a solid foundation for building a consistent trading plan without the fear of disappearing arrows.
The ease of use makes it a practical addition to any chart, providing immediate value through its visual entry cues.
For the best experience, consider using this tool alongside basic price action concepts like support and resistance.
This combination ensures that you are taking signals that occur at significant market levels.
Using the Volcanowma Forex Signals Indicator effectively can lead to a more disciplined approach to the markets and a better understanding of momentum shifts.
