Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2013.03.06 13:25
Indicators

VolatilityPivot - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
4544
Rating:
votes: 27
\MQL5\Include\

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

Fig.1 The VolatilityPivot indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1563

False Breakouts Counter False Breakouts Counter

The indicator displays the number of false breakthroughs for the specified period

VSI VSI

The indicator that calculates the volume per second (or over period) and the corresponding Moving Average.

IncGUI_BitPicA IncGUI_BitPicA

An updated version of the CBitPic class with the ability to control drawing transparency

TrendRange TrendRange

The trend indicator with three states.