Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5

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Variable Index Dynamic Average (VIDYA) technical indicator was developed by Tushar Chande.

It is an original method of calculating the Exponential Moving Average (EMA) with the dynamically changing period of averaging. Period of averaging depends on the market volatility; as the measure of volatility Chande Momentum Oscillator (CMO) was chosen.

This oscillator measures the ratio between the sum of positive increments and sum of negative increments for a certain period (CMO period). CMO value is used as the ratio to the smoothing factor EMA. Thus VIDYA has to setup parameters: period of CMO and period of EMA.

Application

Usually not VIDYA itself is used in trading systems, but its upper and lower borders (Upper band & Lower band), that are by N% above and below VIDYA. Interpretation of the indicator for receiving trade signals in this form is performed similar to Bollinger Bands ®.

MT5 Indicators – Download Instructions

Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5 is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

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How to install Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5.mq5 to your MetaTrader 5 Chart?

  • Download Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5.mq5
  • Copy Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5.mq4 is available on your Chart

How to remove Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Variable Index Dynamic Average (VIDYA) – indicator for MetaTrader 5 (Free Download)

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