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Published:

2018.07.13 15:52

JB_Volatility.mq5 (10.55 KB) view

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JB Volatility - market volatility oscillator marking its state in color.

It has three configurable parameters:

Period - calculation period;
ATR period - ATR calculation period;
Multiplier - ATR value multiplier.

Interpretation

Volatile uptrend: Close price is higher than the lowest price over the Period of bars + ATR (ATR period) * Multiplier.
Volatile downtrend: Close price is lower than the highest price over the Period of bars + ATR (ATR period) * Multiplier.
Low volatility: In any other case.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21276

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JB_Volatility - indicator for MetaTrader 5

Interpretation