Chaikin's volatility indicator calculates the spread between the maximum and minimum prices.
It judges the value of volatility basing on the amplitude between the maximum and the minimum. Unlike Average True Range, Chaikin's indicator doesn't take gaps into account.
According to Chaikin's interpretation, a growth of volume indicator in a relatively short space of time means that the prices approach their minimum (like when the securities are sold in panic), while a decrease of volatility in a longer period of time indicates that the prices are on the peak (for example, in the conditions of a mature bull market).
Chaikin Volatility Indicator
H-L (i) = HIGH (i) - LOW (i)
H-L (i - 10) = HIGH (i - 10) - LOW (i - 10)
CHV = (EMA (H-L (i), 10) - EMA (H-L (i - 10), 10)) / EMA (H-L (i - 10), 10) * 100
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20
The Chaikin's Oscillator (CHO) is the difference of moving averages of Accumulation/Distribution.Commodity Channel Index (CCI)
Commodity Channel Index (CCI) measures the deviation of the commodity price from its average statistical price.
The ColorBars Indicator paints bars with different colors depending on the volume changes. If the volume has increased, the color is green, overwise the color is red.ColorLine
The ColorLine indicator shows the line of the price moving average on the chart. The line has diffrent colors (100 bars has the same color). The color settings of the line is changing every 5 ticks, there are 3 color schemes.