Loving this. Is there any chance you can convert this for MT4?

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Volatility Quality - on chart:
Volatility Quality indicator made "on-chart".
It can display values as:
Bars
Candles
Lines
When values are displayed as lines, then the average of Close is used for displayed line. The color is based on volatility quality and is not related to the slope of the line.
Author: Mladen Rakic