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Stochastic_Chaikins_Volatility - indicator for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

votes: 20
2017.05.29 14:08

Real author: Giaras

The Chaikin volatility indicator modified to have a stochastiс view, and implemented in the form of a signal cloud.

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".

This indicator was first implemented in MQL4 and published in Code Base at on 14.06.2016.

Fig1. Indicator Stochastic_Chaikins_Volatility

Fig1. Indicator Stochastic_Chaikins_Volatility

Translated from Russian by MetaQuotes Software Corp.
Original code:

cm_ind_level_cndl cm_ind_level_cndl

The indicator displays the price pivot point.

ToClearObjectsByTypeByTime ToClearObjectsByTypeByTime

The script removes old objects of the selected type from all charts, if the time coordinates of these objects are outside of the trigger level.

ToClearComment ToClearComment

The script removes from the chart a comment located in the upper left corner.

N Сandles N Сandles

The EA searches for N identical candlesticks in a row. If the found candlesticks are bullish, it buys. I they are bearish, the EA sells.