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Views:: 4589
Rating:: (17)
Published:: 2016.02.16 09:04
Updated:: 2023.03.29 13:46

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

volatility_step_channel.mq5 (12.59 KB) view

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Real author:

fxborg

The indicator plots the Step Channel based on volatility (smoothed standard deviation).

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Originally this indicator has been written in MQL4 and was first published in the Code Base on 21.12.2015.

Figure 1. The Volatility_Step_Channel indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14731

BaseVolatility_HTF

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

BaseVolatility

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

Volatility_Step_Channel_HTF

The Volatility_Step_Channel indicator with the timeframe selection option available in the input parameters.

CCI_On_StepChannel

The classic CCI indicator which uses the typical price of the moving average as a data source. This version of the CCI indicator uses the average line of the Volatility Step Channel indicator.

Volatility_Step_Channel - indicator for MetaTrader 5