The Volumatic VIDYA Dashboard Indicator is knowledgeable multi-symbol, multi-timeframe buying and selling device constructed round Tushar Chande’s Variable Index Dynamic Common (VIDYA). It scans as much as 20 devices throughout 9 timeframes and presents each detected alternative in a compact, interactive eight-column dashboard — full with computed Entry, Cease Loss, and Take Revenue costs for every sign.
Key Options:
- Adaptive VIDYA Engine: Makes use of Chande Momentum Oscillator (CMO) weighting so the shifting common accelerates in trending markets and decelerates in uneven ones
- Computed Entry, SL & TP: Each sign consists of particular worth ranges derived from ATR-based bands — no guesswork required
- Multi-Image Monitoring: Watch as much as 20 forex pairs, metals, indices, or crypto property concurrently
- Multi-Timeframe Evaluation: Monitor M1 by means of Month-to-month timeframes (9 timeframes)
- Non-Repainting Indicators: Evaluates solely closed bars (bar 1) — alerts by no means disappear or shift
- Two-Bar Affirmation: Requires a pullback to the VIDYA band adopted by a confirming bullish or bearish shut
- 8-Column Dashboard: Image, Timeframe, Route, Entry, SL, TP, Age, and Chart navigation
- Filter & Kind Mode: Optionally rank alerts by recency so the freshest alternatives seem first
- Visible Chart Indicators: Coloration-coded arrows and worth labels plotted straight on the chart
- A number of Alert Sorts: Popup, sound, e mail, and cellular push notifications
Obtain the indicator:
TIP: This indicator offers Entry, Cease Loss, and Take Revenue ranges for each sign. At all times mix these with correct place sizing and danger administration — by no means danger greater than 1-2% of your account on a single commerce.
Understanding VIDYA & ATR Bands
What’s VIDYA?
VIDYA (Variable Index Dynamic Common) was launched by Tushar Chande in 1995. It’s an adaptive exponential shifting common that adjusts its smoothing velocity based mostly on market volatility. When the market is trending strongly, VIDYA responds rapidly. When the market is uneven, VIDYA slows down and filters out noise.
The adaptive weighting comes from the Chande Momentum Oscillator (CMO), which measures the ratio of internet momentum to complete momentum over a given interval:
CMO = |100 x (sumPositive – sumNegative) / (sumPositive + sumNegative)| alpha = 2 / (VidyaLength + 1) VIDYA = alpha x (CMO / 100) x Value + (1 – alpha x CMO / 100) x previousVIDYA
In plain phrases: when worth strikes are overwhelmingly in a single route (excessive CMO), VIDYA tracks worth carefully. When shopping for and promoting strain are balanced (low CMO), VIDYA barely strikes, performing as a steady reference line.
The Three ATR Bands
The indicator constructs three bands across the VIDYA line utilizing the Common True Vary (ATR):
| Band | Multiplier | Objective |
|---|---|---|
| Entry Band | ATR x 2.0 | Defines the pullback zone the place worth should contact to set off a sign |
| Cease Loss Band | ATR x 2.0 | Positioned past the entry band to outline the protecting cease degree |
| Take Revenue Band | ATR x 4.0 | Positioned on the other facet of VIDYA to outline the revenue goal |
For a BUY sign, the Entry Band sits under VIDYA, the Cease Loss Band sits additional under, and the Take Revenue Band sits above VIDYA. The association mirrors for SELL alerts.
How Indicators Are Generated
The indicator makes use of a two-bar affirmation course of:
- Bar 2 (pullback bar): Value should contact or penetrate the VIDYA entry band — for a BUY, the low should attain the decrease band; for a SELL, the excessive should attain the higher band
- Bar 1 (affirmation bar): The bar should shut within the sign route — a bullish shut (shut > open) confirms a BUY; a bearish shut (shut < open) confirms a SELL
Moreover, the general pattern route should align: an uptrend have to be lively for BUY alerts, and a downtrend have to be lively for SELL alerts. This two-step course of filters out many false alerts that single-bar techniques produce.
NOTE: The indicator evaluates solely bar 1 (probably the most lately closed bar) and by no means evaluates bar 0 (the present forming bar). That is what makes the alerts non-repainting.
Set up Information
For MetaTrader 4
- After buying, find the file named Volumatic_VIDYA_Dashboard_Indicator.ex4 in your downloads
- Open MetaTrader 4 and click on File > Open Information Folder
- Navigate to MQL4 > Indicators
- Copy the indicator file into the Indicators folder
- Return to MetaTrader 4 and press Ctrl+N to open the Navigator panel
- Proper-click on “Indicators” within the Navigator and choose Refresh
- Discover “Volumatic_VIDYA_Dashboard_Indicator” within the checklist
The standard path is: C:Customers(YourName)AppDataRoamingMetaQuotesTerminal(ID)MQL4Indicators
For MetaTrader 5
- After buying, the indicator installs mechanically through the MQL5 Market
- Open MetaTrader 5 and press Ctrl+N to open the Navigator panel
- Broaden Indicators > Market part
- Discover “Volumatic_VIDYA_Dashboard_Indicator” within the checklist
Including to a Chart
- Within the Navigator panel, find the indicator underneath Indicators
- Double-click on the indicator identify, OR drag and drop it onto any chart
- A settings window will seem — regulate settings as wanted (see Enter Parameters Reference under)
- Click on OK to use
After making use of, you will note two elements:
- Dashboard Panel: A separate window under your principal chart exhibiting all monitored symbols and timeframes with Entry, SL, and TP costs
- Chart Indicators: BUY and SELL arrows with worth labels plotted at sign factors, plus yellow candle highlighting
NOTE: The indicator have to be hooked up to a chart of one of many symbols in your monitoring checklist to show arrows. For instance, if you’re monitoring EURUSD, connect the indicator to a EURUSD chart to see the arrows and worth labels on that pair.
Dashboard Overview
The dashboard seems in a separate window under your principal chart. It shows eight columns of knowledge for each detected sign.
Dashboard Columns
| Column | Description |
|---|---|
| Image | The forex pair or instrument identify (e.g., EURUSD, XAUUSD) |
| Timeframe | The chart timeframe the place the sign was detected (M1 by means of MN) |
| Route | Development route proven as Bullish with a inexperienced upward arrow or Bearish with a crimson downward arrow |
| Entry | The computed entry zone worth, derived from the VIDYA entry band |
| SL | The computed Cease Loss worth, derived from the additional ATR band past the entry |
| TP | The computed Take Revenue worth, derived from the ATR band on the other facet of VIDYA |
| Age | What number of bars in the past the sign appeared (e.g., “3 bars in the past”) |
| Chart | Click on this button to immediately change your chart to that image and timeframe |
Utilizing the Dashboard
- Scrolling: Use the scrollbar on the suitable facet or your mouse wheel to view extra rows when alerts exceed the seen space
- Fast Navigation: Click on any Chart button to immediately open that image on the required timeframe, permitting you to look at the sign in full element
- Coloration Coding: Inexperienced textual content and icons point out bullish/purchase situations; crimson textual content and icons point out bearish/promote situations
- Filter Mode: When InpFilterRecent is enabled, the dashboard kinds alerts by recency so the freshest alternatives seem on the prime
TIP: Use the Chart button to leap on to a sign that pursuits you. This switches each the image and timeframe in a single click on, saving time when scanning a number of markets.
Enter Parameters Reference
Dashboard Settings
| Setting | Default | Description |
|---|---|---|
| Symbols | EURUSD,GBPUSD,USDCAD,USDJPY | Foreign money pairs to watch, separated by commas. No areas. As much as 20 symbols. |
| Image Prefix | (empty) | Prefix your dealer provides to image names (e.g., “x” for xEURUSD). |
| Image Suffix | (empty) | Suffix your dealer provides (e.g., “.professional” for EURUSD.professional, or “m” for EURUSDm). |
| Allow M1 Timeframe | false | Monitor 1-minute charts. Disabled by default as a result of excessive noise. |
| Allow M5 Timeframe | true | Monitor 5-minute charts. Appropriate for scalping methods. |
| Allow M15 Timeframe | true | Monitor 15-minute charts. Common for day buying and selling. |
| Allow M30 Timeframe | true | Monitor 30-minute charts. Good stability of alerts and reliability. |
| Allow H1 Timeframe | true | Monitor 1-hour charts. Advisable for many merchants. |
| Allow H4 Timeframe | true | Monitor 4-hour charts. Wonderful for swing buying and selling. |
| Allow D1 Timeframe | true | Monitor day by day charts. Nice for figuring out main developments. |
| Allow W1 Timeframe | true | Monitor weekly charts. For long-term place buying and selling. |
| Allow MN Timeframe | false | Monitor month-to-month charts. For very long-term evaluation. |
| Seen Rows | 12 | Variety of rows seen within the dashboard at one time. Use the scrollbar to see extra. |
| Filter Latest | false | When enabled, kinds dashboard rows by sign age so the newest alerts seem on the prime. |
VIDYA Settings
| Setting | Default | Description |
|---|---|---|
| VIDYA Size | 5 | The smoothing interval for the VIDYA calculation. Decrease values make VIDYA extra responsive; larger values make it smoother. |
| CMO Interval | 20 | The lookback interval for the Chande Momentum Oscillator that drives VIDYA’s adaptive weighting. |
| Entry Band Multiplier | 2.0 | ATR multiplier for the entry band. Defines how removed from VIDYA worth should pull again to set off a sign. |
| Cease Loss Band Multiplier | 2.0 | ATR multiplier for the cease loss band. Defines the protecting cease distance past the entry band. |
| Take Revenue Band Multiplier | 4.0 | ATR multiplier for the take revenue band. Defines the revenue goal distance on the other facet of VIDYA. |
| ATR Interval | 200 | Lookback interval for the Common True Vary calculation utilized in all band computations. |
| SMA Interval | 15 | Easy Transferring Common interval used within the pattern route filter. |
| Max Historical past Bars | 500 | What number of bars of historical past to research per image/timeframe. Increased values present older alerts however use extra reminiscence. |
Chart Arrow Settings
| Setting | Default | Description |
|---|---|---|
| Present Arrows | true | Show BUY and SELL arrows on the chart. Set to false to cover them. |
| Present Labels | true | Show worth labels alongside arrows exhibiting Entry, SL, and TP values. |
| BUY Arrow Coloration | Lime (Inexperienced) | Coloration of the purchase sign arrows. |
| SELL Arrow Coloration | Crimson | Coloration of the promote sign arrows. |
| Arrow Dimension | 4 | Dimension of the arrows (1-5). Bigger numbers produce greater arrows. |
| Arrow Hole | 0.8 | Distance between the arrow and the candle, expressed as an ATR multiplier. |
| Label Hole | 1.8 | Distance between the textual content label and the candle. Must be bigger than Arrow Hole. |
| BUY Arrow Code | 233 | Wingdings character code for purchase arrows. 233 is an upward-pointing arrow. |
| SELL Arrow Code | 234 | Wingdings character code for promote arrows. 234 is a downward-pointing arrow. |
Alert Settings
| Setting | Default | Description |
|---|---|---|
| Alert Title | Volumatic VIDYA Dashboard | The title that seems in the beginning of all alert messages. |
| Popup Alerts | true | Reveals a popup window on display screen when a brand new sign seems. |
| Sound Alerts | true | Performs a sound when a brand new sign seems. |
| Sound File | alert2.wav | The sound file to play. Have to be positioned in MT4/MT5’s Sounds folder. |
| E-mail Alerts | false | Sends an e mail when a brand new sign seems. Requires e mail configuration in MT4/MT5 settings. |
| Push Alerts | true | Sends push notifications to your cell phone through the MetaTrader cellular app. Requires MetaQuotes ID. |
TIP: The ATR multipliers for Entry Band, Cease Loss Band, and Take Revenue Band are probably the most impactful parameters. Adjusting these adjustments the place alerts set off, how tight your stops are, and the way far your revenue targets attain. See the Band Multiplier Tuning part for steerage.
Chart Arrows & Visible Indicators
BUY Sign Look
When a BUY sign is detected on the chart’s image and timeframe:
- A inexperienced upward arrow (Lime) seems under the sign candle
- A worth label is displayed above the arrow exhibiting the computed ranges on this format: BUY E:1.0952 SL:1.0918 TP:1.1020
- The sign candle is highlighted in yellow for straightforward visible identification
SELL Sign Look
When a SELL sign is detected:
- A crimson downward arrow seems above the sign candle
- A worth label is displayed under the arrow exhibiting: SELL E:1.0948 SL:1.0982 TP:1.0880
- The sign candle is highlighted in yellow
Non-Repainting Assure
The Volumatic VIDYA Dashboard evaluates solely bar 1 (probably the most lately closed bar) and by no means reads bar 0 (the present forming bar). This implies:
- Indicators solely seem after a candle has totally closed
- As soon as a sign seems, it would by no means disappear, transfer, or change
- What you see in historic information is precisely what you’ll have seen in real-time
- Backtesting outcomes precisely mirror reside buying and selling situations
IMPORTANT: Non-repainting is crucial for reliable backtesting and dependable reside buying and selling. As a result of the indicator requires each a pullback bar and a confirming shut bar earlier than plotting a sign, each arrow on the chart represents a genuinely confirmed setup.
Alert Configuration
Alert Message Format
When a brand new sign is detected, the alert message follows this format:
Volumatic VIDYA Dashboard: EURUSD BUY on H1 | Entry: 1.09500 | SL: 1.09200 | TP: 1.09900
Every alert consists of the image, route, timeframe, and all three computed worth ranges, providing you with the entire commerce setup at a look.
Setting Up E-mail Alerts
- In MetaTrader, go to Instruments > Choices > E-mail
- Test Allow
- Enter your SMTP server, port, login, password, and vacation spot e mail
- Click on Check to confirm the configuration works
- Set InpEmailAlerts to true within the indicator settings
Setting Up Push Notifications
- Set up the MetaTrader cellular app in your telephone (iOS or Android)
- Open the app and go to Settings > Messages
- Copy your MetaQuotes ID
- Within the desktop MetaTrader, go to Instruments > Choices > Notifications
- Enter your MetaQuotes ID and allow notifications
- Set InpPushAlerts to true within the indicator settings
Sensible Deduplication
The alert system consists of built-in deduplication logic. As soon as an alert fires for a particular image, timeframe, and route mixture, it won’t repeat till the sign adjustments. This prevents alert flooding when the indicator recalculates on every tick.
NOTE: MetaTrader has built-in alert throttling that limits the frequency of popup and sound alerts. If you’re monitoring many symbols throughout many timeframes, some alerts could also be barely delayed in periods of excessive sign exercise.
Buying and selling Methods
WARNING: The next methods are offered for academic functions solely. Buying and selling includes important danger of loss. At all times apply on a demo account first and by no means commerce with cash you can’t afford to lose.
Technique 1: VIDYA Pullback Entry (Major)
That is the core technique the indicator is designed for. The dashboard offers all the data you want.
Guidelines:
- Open the dashboard and scan for recent alerts (low Age values)
- When a BUY sign seems, contemplate coming into at or close to the Entry worth proven within the dashboard
- Set your Cease Loss on the SL worth offered
- Set your Take Revenue on the TP worth offered
- For SELL alerts, observe the identical course of in the other way
Why it really works: The 2-bar affirmation ensures worth has already pulled again to a worth zone (the VIDYA band) after which proven directional dedication with a confirming shut. The ATR-based SL and TP ranges mechanically adapt to present volatility.
Technique 2: Multi-Timeframe Affirmation
Use the dashboard’s multi-timeframe view to align trades throughout completely different time horizons.
Guidelines:
- Test the upper timeframe (H4 or D1) for the pattern Route within the dashboard
- Search for alerts on a decrease timeframe (M15 or H1) within the identical route
- Solely take BUY alerts on the decrease timeframe when the upper timeframe additionally reveals Bullish
- Solely take SELL alerts on the decrease timeframe when the upper timeframe additionally reveals Bearish
- Use the decrease timeframe Entry, SL, and TP ranges for commerce execution
Why it really works: Aligning with the upper timeframe pattern will increase the likelihood that the decrease timeframe pullback is a continuation quite than a reversal.
Technique 3: Filter Mode Scanner
Allow InpFilterRecent to focus completely on the freshest alerts.
Guidelines:
- Set InpFilterRecent to true within the indicator settings
- The dashboard now kinds all alerts by age, with the most recent on the prime
- Give attention to alerts which are 1-5 bars previous — these are probably the most actionable
- Click on the Chart button to look at the sign intimately earlier than coming into
- Ignore alerts with excessive Age values except they align with a broader thesis
Why it really works: Contemporary alerts provide one of the best entry timing. As a sign ages, worth has already moved away from the entry zone, decreasing the risk-to-reward ratio.
TIP: No matter technique, all the time calculate your place dimension based mostly on the space between Entry and SL. Danger not more than 1-2% of your account fairness per commerce.
Band Multiplier Tuning
The three ATR multiplier parameters management the geometry of each commerce setup. Adjusting them adjustments sign frequency, cease distance, and revenue potential.
How Band Multipliers Have an effect on Buying and selling
| Type | Entry Band | SL Band | TP Band | Traits |
|---|---|---|---|---|
| Scalping | 1.0 | 1.0 | 2.0 | Extra frequent alerts, tighter stops, smaller targets. Greatest for M5-M30. |
| Default (Balanced) | 2.0 | 2.0 | 4.0 | Reasonable sign frequency with beneficiant risk-reward. Greatest for M15-H4. |
| Swing Buying and selling | 3.0 | 3.0 | 6.0 | Fewer alerts, wider stops, bigger targets. Greatest for H4-D1. |
Normal pointers:
- Entry Band: Decrease values set off alerts extra regularly as a result of worth doesn’t want to tug again as far. Increased values require deeper pullbacks, producing fewer however doubtlessly higher-quality alerts.
- SL Band: This defines your danger per commerce. Tighter values scale back the financial danger however could lead to extra stop-outs throughout regular volatility.
- TP Band: This defines your reward potential. The default 4.0 mixed with an SL of two.0 produces an approximate 2:1 reward-to-risk ratio earlier than accounting for entry placement.
TIP: When altering multiplier values, all the time backtest the brand new settings on historic information utilizing MetaTrader’s Technique Tester or by visually reviewing previous alerts on the chart. Small adjustments can considerably have an effect on sign frequency and efficiency.
Dealer Image Configuration
Totally different brokers use completely different naming conventions for forex pairs and different devices. If the dashboard reveals errors or lacking information, you want to configure the Image Prefix or Image Suffix.
Widespread Dealer Codecs
| Dealer Format | Image Prefix | Image Suffix | Instance |
|---|---|---|---|
| Commonplace | (depart empty) | (depart empty) | EURUSD |
| With .professional suffix | (depart empty) | .professional | EURUSD.professional |
| With m suffix | (depart empty) | m | EURUSDm |
| With .ecn suffix | (depart empty) | .ecn | EURUSD.ecn |
| With x prefix | x | (depart empty) | xEURUSD |
| With # prefix | # | (depart empty) | #EURUSD |
How you can Discover Your Dealer’s Format
- Open the Market Watch window by urgent Ctrl+M
- Take a look at how forex pairs are named within the checklist
- Determine any prefix (characters earlier than “EURUSD”) or suffix (characters after “EURUSD”)
- Enter the prefix and/or suffix within the indicator settings
- The Symbols checklist itself ought to use the bottom names solely (e.g., EURUSD, not EURUSD.professional) — the indicator will mix them with the prefix and suffix mechanically
Troubleshooting
Dashboard Reveals No Indicators
- Guarantee your image names are spelled appropriately within the Symbols enter
- Confirm your dealer’s image format within the Market Watch window and configure Prefix/Suffix accordingly
- Test that no less than some timeframes are enabled (M5 by means of W1 are on by default)
- Affirm you have got sufficient historical past information loaded — go to Instruments > Choices > Charts and improve the max bars setting
- Wait a second after attaching the indicator; it wants time to load information for all image/timeframe combos
Indicator Does Not Load
- Make sure the file is within the right folder ( MQL4/Indicators for MT4 or MQL5/Indicators/Market for MT5)
- Proper-click on Indicators within the Navigator panel and choose Refresh
- Restart MetaTrader fully
- Test the Specialists tab on the backside of MetaTrader for any error messages
Symbols Present “—“
- The image identify was not discovered in your dealer’s server
- Test Market Look ahead to the precise spelling your dealer makes use of
- Configure the Image Prefix and Image Suffix fields to match your dealer’s naming conference
Indicators Differ from Chart Arrows
- The dashboard scans all enabled timeframes, whereas chart arrows solely seem for the timeframe at present displayed
- Swap the chart to the timeframe proven within the dashboard row to see the corresponding arrows
- Use the Chart button within the dashboard to navigate on to the proper image and timeframe
Chart Buttons Do Not Work
- Make sure the chart just isn’t locked (right-click the chart, verify that “Chart Locked” is unchecked)
- Some chart templates or profiles could override the image change — strive on a clear chart
- In MetaTrader 5, make sure the image is obtainable in Market Watch earlier than clicking the button
NOTE: The commonest challenge is an incorrect Prefix or Suffix setting. At all times verify your Market Watch window first to verify the precise image format your dealer makes use of.
Ceaselessly Requested Questions
Q: What’s VIDYA and the way is it completely different from an everyday shifting common? A: VIDYA (Variable Index Dynamic Common) is an adaptive exponential shifting common created by Tushar Chande. Not like a typical EMA that makes use of a set smoothing issue, VIDYA adjusts its velocity based mostly on the Chande Momentum Oscillator. It strikes sooner throughout robust developments and slower throughout uneven, directionless markets.
Q: How are the Entry, SL, and TP costs calculated? A: All three are based mostly on ATR bands across the VIDYA line. The Entry worth comes from the VIDYA band on the Entry Band multiplier (default 2.0x ATR). The Cease Loss is positioned on the further band (default 2.0x ATR past VIDYA within the protecting route). The Take Revenue is positioned on the reverse band (default 4.0x ATR on the revenue facet of VIDYA).
Q: Does this indicator repaint? A: No. The indicator evaluates solely bar 1 (probably the most lately closed bar) and by no means reads bar 0 (the present forming bar). As soon as a sign seems, it would by no means disappear, transfer, or change.
Q: What number of symbols can I scan directly? A: You possibly can monitor as much as 20 symbols concurrently. Enter them as a comma-separated checklist within the Symbols parameter (e.g., EURUSD,GBPUSD,XAUUSD). Extra symbols require extra processing time, so discover a stability that fits your system.
Q: Which timeframes work finest with this indicator? A: H1 and H4 usually present one of the best stability of sign frequency and reliability for many merchants. M15 works nicely for lively day merchants, whereas D1 fits swing merchants preferring fewer, higher-conviction setups.
Q: Can I take advantage of this indicator alongside different indicators? A: Sure. The Volumatic VIDYA Dashboard works nicely as a sign generator that you simply verify with different instruments akin to help/resistance ranges, RSI divergence, quantity evaluation, or higher-timeframe pattern filters.
Q: What if my dealer makes use of completely different image names? A: Use the Image Prefix and Image Suffix settings. For instance, in case your dealer names pairs as “EURUSD.professional”, depart the Symbols area as “EURUSD” and set the Suffix to “.professional”. The indicator combines them mechanically.
Q: How do I replace the indicator to a more recent model? A: For MT5 Market purchases, updates set up mechanically. For MT4, obtain the up to date file out of your MQL5 Market buy historical past and exchange the previous file in your MQL4/Indicators folder. Then refresh the Navigator and re-apply the indicator to your charts.
Should you want help with the Volumatic VIDYA Dashboard Indicator:
| Contact Technique | Particulars |
|---|---|
| help@forexobroker.com | |
| Web site | www.forexobroker.com |
| MQL5 Market | Use the Feedback part on the product web page |
When contacting help, please embrace:
- Your MetaTrader model (MT4 or MT5)
- Your dealer identify and image format
- An outline of the difficulty
- Screenshots if relevant
- Your indicator settings (particularly Symbols, Prefix, Suffix, and multiplier values)
Obtain:
Danger Disclaimer
HIGH RISK WARNING: Buying and selling international change (Foreign exchange), CFDs, and different monetary devices on margin carries a excessive degree of danger and is probably not appropriate for all buyers. The excessive diploma of leverage can work in opposition to you in addition to for you. Earlier than deciding to commerce, fastidiously contemplate your funding aims, degree of expertise, and danger urge for food.
The likelihood exists that you possibly can maintain a lack of some or all your preliminary funding. You shouldn’t make investments cash that you simply can’t afford to lose.
NO GUARANTEE OF PROFIT: Previous efficiency just isn’t indicative of future outcomes. No illustration is being made that any account will or is prone to obtain income or losses just like these mentioned on this information or proven by the indicator.
DEMO ACCOUNT RECOMMENDATION: We strongly advocate testing any buying and selling technique or indicator on a demo account earlier than buying and selling with actual cash.