VICIS Indicator

Highlights

📊 Forex, Crypto, Stocks Market

💻 MetaTrader 4

🔓 Unlimited

🖍 Repainting to be checked

♻️ Assets: All

⏰ Timeframes: H1 and higher

🤖 Automated trading supported by Atlas iBots

Description

The VICIS indicator is a mean reversion tool used to spot potential market reversals. It uses arrows and "x's" to analyze previous price action and detect overbought or oversold conditions in a market. The indicator is displayed as a bar chart with a range of -5 to +5, where +5 is extremely overbought and -5 is extremely oversold.

The VICIS indicator is based on the concept of mean reversion, the idea that markets tend to return to their historical averages. The tool is used to find markets that have moved significantly from their averages, indicating a potential reversal.

To use the VICIS indicator, look for clusters of arrows or "x's". A single arrow does not provide a strong signal, but a cluster usually precedes price changes. It's best to wait for at least two arrows or "x's" before entering a trade. The indicator works best on higher timeframes like H1 to D1 as it's designed to detect extreme mean reversions.

Keep in mind that technical indicators are just one aspect of technical analysis and should not be relied on solely for trade decisions. It's recommended to use multiple indicators and analysis methods for more accurate projections.

Video Review

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