The KRVI Indicator is a useful and popular free Forex indicator for the MT4 trading platform. The indicator is designed to help traders identify overbought and oversold price levels, which can be used to identify potential entry and exit points for trades. The indicator uses a combination of the Relative Strength Index (RSI), and the A
verage Directional Movement Index (ADX) to calculate the overbought and oversold levels. The indicator works by calculating the RSI and ADX values for the current price. The indicator then plots a line on the chart that represents the average of the RSI and ADX values. When the line is above 70, the price is considered to be overbought, and when the line is below 30, the price is considered to be oversold. Traders can use this information to identify potential entry and exit points for trades. With the KRVI Indicator, traders can easily identify potential entry and exit points for trades, making it a useful and popular free Forex indicator for the MT4 trading platform.
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