Vidya Zone (metatrader 4) - MetaTrader 4 Script - MT4/MT5 Resources
The Vidya area indicator is calculated using 3 prices: high, low and median.
However, if regular Vidya is used, this area will be wrong due to different momentum of different prices on the same bar. To solve this problem, this version introduces a modified Vidya calculation that prevents this error and makes the Vidya area error-free and produces logical results.
This area is primarily used in breakout patterns (ie: when price is within this area, this will be a no-trade area, or a warning area, consider entering a trade once price breaks out).
Attachment download
📎 vidya_zone_2.mq4 (3.31 KB)
Source: MQL5 #17803
Vidya area (metatrader 4) - MetaTrader 4 script usage and filtering suggestions
Vidya Zone (metatrader 4) - MetaTrader 4 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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