JET Volatility Bottoms and PRO: probable bottoms and tops when volatility spikes, on your MetaTrader 5 chart
JET Volatility Bottoms is a new indicator for MetaTrader 5 that highlights probable bottoms when fear and volatility spike after a fall. It comes in two editions: JET Volatility Bottoms, free, with the bottom histogram, the highlighted probable bottoms and the dynamic band, and JET Volatility Bottoms PRO, which adds tops, confirmed signals, arrows, other timeframes, a state panel, alerts and data for Experts.
How it works
JET Volatility Bottoms shows, in a separate window, a histogram that rises when fear and volatility spike after a fall. When the spike reaches the dynamic band, the bars are highlighted in green: a probable bottom is forming.
Signals are evaluated on the closed bar and do not repaint: in the Strategy Tester, the values of closed bars never changed. It is an indicator only: it never opens, closes or changes orders.
Free or PRO?
| Free | PRO | |
|---|---|---|
| Bottom histogram, probable bottoms highlighted, dynamic band | yes | yes |
| Editable parameters | yes | yes |
| Tops (mirrored histogram in red) | — | yes |
| Confirmed bottoms and tops | — | yes |
| Trend filter | — | yes |
| Arrows on the main chart (and in the subwindow) | — | yes |
| Calculation on a higher timeframe | — | yes |
| State panel with 4 timeframes | — | yes |
| Dark / light theme, interface in 11 languages | — | yes |
| Alerts: popup, sound, push notification, e-mail | — | yes |
| Data for Experts (iCustom) | — | yes |
JET Volatility Bottoms PRO shows, in a separate window, a histogram that rises when fear and volatility spike after a fall. When the spike reaches the dynamic band, the bars are highlighted in green: a probable bottom is forming. The same reading, mirrored below zero in red, shows probable tops after strong rallies. When the spike ends and price confirms the turn, the indicator marks a confirmed bottom or top.
- Bottom histogram above zero, with probable bottoms in green, and the dynamic band (orange line).
- Top histogram mirrored below zero, with probable tops in red (can be turned off).
- Arrows on the main chart (default): a dot for each probable signal and an arrow for each confirmed one. Options: show them also in the subwindow, or show confirmed signals only.
- State panel with 4 timeframes (M15, H1, H4 and D1 by default): Normal, Elevated, Probable bottom, Confirmed bottom, Probable top or Confirmed top. You can drag it anywhere on the chart.
Confirmation, filter and timeframes
- Confirmed bottom or top: marked after the spike ends and price confirms the turn.
- Optional trend filter.
- Calculation on a higher timeframe (for example H1 on an M5 chart).
- Editable parameters and colors; 5,000 bars calculated by default, and only the current bar on each tick.
Alerts on the closed bar
- Probable bottom, confirmed bottom, probable top and confirmed top, each with its own mode: popup, sound, push notification or a combination; e-mail optional.
- One alert per sequence: the next bars of the same spike do not repeat it.
Data for Experts (iCustom)
- Buffer 0: bottom meter (≥ 0)
- Buffer 1: bottom band (≥ 0)
- Buffer 2: probable bottom (1 = yes, 0 = no)
- Buffer 3: confirmed bottom (1 = yes, 0 = no)
- Buffer 4: top meter (positive value, drawn mirrored below zero)
- Buffer 5: top band (≥ 0)
- Buffer 6: probable top (1 = yes, 0 = no)
- Buffer 7: confirmed top (1 = yes, 0 = no)
- Signals are valid on closed bars (index ≥ 1); bar 0 updates with each tick.
- With a higher timeframe, the values are those of that timeframe, mapped to the chart bars.
Works on any symbol and timeframe
- Forex, indices, stocks and futures such as the B3 mini index.
- Tested on WIN, EURUSD and US500.
Download
- JET Volatility Bottoms — free histogram with the highlighted probable bottoms and the band.
- JET Volatility Bottoms PRO — all the features above.
Questions and suggestions: send me a private message through my MQL5 profile.
Trading involves risk of loss. A probable bottom or top is a reading of volatility, not a forecast: price can keep moving in the same direction after a signal. The indicator does not guarantee results.
