The real author:
The indicator is calculated on the basis of currency pair volatility displaying the nearest support and resistance level depending on the trend direction. It can be used as a trend indicator.
This indicator was first implemented in MQL4 and published in Code Base on 18.09.2007.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the 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".
Fig.1 The VolatilityPivot indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1563
The indicator displays the number of false breakthroughs for the specified periodVSI
The indicator that calculates the volume per second (or over period) and the corresponding Moving Average.