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Published:

2016.02.16 09:03

Updated:

2023.03.29 13:46

basevolatility.mq5 (7.65 KB) view

basevolatility_htf.mq5 (9.96 KB) view

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

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The BaseVolatility indicator with the timeframe selection option available in the input parameters:

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;  // Indicator chart period (timeframe)

The indicator requires BaseVolatility.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.

Figure 1. The BaseVolatility_HTF indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14730

BaseVolatility

The indicator of smoothed Standard Deviation or by the terminology of the resulting indicator's author - the base volatility indicator.

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The indicator plots the Step Channel based on volatility.

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BaseVolatility_HTF - indicator for MetaTrader 5