Indicator - EVZ Chart - DGHey Traders, this is the $EVZ chart plotted as an indicator. The $EVZ is the Euro Volatility Index, which can be used to measure volatility in markets.
The use of the $EVZ could be helpful for trend traders of FX. The concept developed by VP of no nonsense forex, we can use the value of the $EVZ to determine when we put on full risk if there is high volatility, half risk when there is medium volatility, or no risk if there is very low volatility.
This indicator has 2 adjustable horizontal lines, so you can put in the conditions or thresholds you need for your trading strategy.
Happy trading,
DG
