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2008.02.02 10:38

Chaikin's Volatility - CHV - indicator for MetaTrader 4

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votes: 4
CHV.mq4 (3.05 KB)view
According to volatility interpretation method offered by Chaikin, the growth of the volatility indicator value in a short is the sign of a price's approaching to a base (for example, panic selling of securities), and volatility fall during a дыкпук period denotes the closeness of a peak (e.g. in conditions of the mature bull market). Chaikin does not recommend relying on only one indicator. He offered to use a system of moving average crossing or a system of trade bands to confirm signals of this (or any other) indicator.

Translated from Russian by MetaQuotes Software Corp.
Original code:

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