Does anyone have a indicator based on VBE (that is not Keltner's Channel) to share? I know Keltner's are based basically only on ATR, but I am looking for something a little more complex.
This papers explain a little better what I am looking for:
1- Simple explanation: https://c.mql5.com/forextsd/forum/127/2068384.pdf
2- Complex explanation with calculation formulas: https://c.mql5.com/forextsd/forum/98/volatility_based_envelopes_vbe.pdf <- This is what I am looking for.
I actually found a free indicator that does that (https://www.mql5.com/pt/market/product/20808#), but it is poorly optmized. Running this indicator on a few charts cause MT4 to use a lot of CPU and RAM memory, reaching the limit of 1GB... then MT4 starts to give "not enough memory" messages and eventually crashes.
If anyone is interested in this free indicator I posted above, be advised that all the signals it provides are heavily repainted (more then once) to give perfect results. I am only interested in the channels.
If you have anything similar to this, could you please share it?
Thank you very much!
PS - I also tried to make a EA based on that free indicator (https://www.mql5.com/pt/market/product/20808#), but the readings on the output buffers are all out of place...