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Views:: 6298
Rating:: (26)
Published:: 2013.07.29 20:51
Updated:: 2016.11.22 07:32

tro_range.mq5 (5.67 KB) view

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Real author:

Avery T. Horton, Jr. aka TRO

A simple volatility meter which displays sizes of candlesticks in a separate subwindow. If the size of a candlestick is greater than the threshold determined by the input parameter Treshold, the histogram is purple, otherwise it is pink.

//+-----------------------------------+
//|  INDICATOR INPUT PARAMETERS       |
//+-----------------------------------+
input uint Threshold=200; // Threshold in points

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 23.05.2008.

Figure 1. The TRO_RANGE indicator

Figure 1. The TRO_RANGE indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1755

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Tro_Range - indicator for MetaTrader 5