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Published:

2013.03.06 13:25

Updated:

2023.03.29 13:42

\MQL5\Include\

smoothalgorithms.mqh (134.03 KB) view

volatilitypivot.mq5 (7.05 KB) view

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The real author:

S.B.T.

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 Ltd.
Original code: https://www.mql5.com/ru/code/1563

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VolatilityPivot - indicator for MetaTrader 5