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Rating:: (29)
Published:: 2013.07.23 21:58
Updated:: 2016.11.22 07:32

damiani_volatmeter.mq5 (7.54 KB) view

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The volatility meter with the indication in the form of a colored cloud. When a trend is weak, the cloud is gray, when it is strong, the cloud is orange.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 14.04.2008.

Figure 1. The Damiani_volatmeter indicator

Figure 1. The Damiani_volatmeter indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1749

MQL4 to MQL5 compatibility library

Version 1.2 - MQL5\Include\mql4compat.mqh

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Damiani_volatmeter - indicator for MetaTrader 5