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RVIWithFlat - indicator for MetaTrader 5
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- Published:
- 2014.07.08 11:15
- Updated:
- 2016.11.22 07:32
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Relative Vigor Index with the market flat state detection option.
If the market is flat, the colored indicator cloud shrinks and is located in the 0 position, and a thick blue line appears. The criterion for determining this state is a shrunk Bollinger. The critical Bollinger shrink value is fixed by a half of its bandwidth and defined in the indicator input:
input uint flat=100; // flat value in points
Figure 1. Indicator RVIWithFlat
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/11264
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