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Indicators

VolatilityPivot_Signal - indicator for MetaTrader 5

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21895
Rating:
(31)
Published:
2014.05.13 10:27
Updated:
2016.11.22 07:32
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The VolatilityPivot_Signal indicator shows information on the current trend using the values of the VolatilityPivot indicator with a fixed timeframe.

The color of the initial indicator lines is the source of the signal: Colored dots on lines appear when the bar of the corresponding timeframe changes.

The indicator requires VolatilityPivot.mq5 indicator file. Place it to terminal_folder\MQL5\Indicators.

Figure 1. The VolatilityPivot_Signal indicator

Figure 1. The VolatilityPivot_Signal indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2281

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The indicator draws candlesticks of a larger timeframe as color filled rectangles in accordance with the values of the VolatilityPivot indicator.

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The iMirror indicator shows a prices mirrored upside down. When the mouse is on the indicator, its color changes to the chart color, while the chart is dimmed. When you click on the indicator, it remains in the foreground till another click.