Indicators: Jurik Volty Multi Timeframe
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Jurik Volty Multi Timeframe:
About Jurik smoothing there is one part that is less known: Jurik smoothing is adaptive indicator.
It is using something that is sometimes refereed to Jurik Volty (a sort of market volatility) for that adapting. This is the indicator that is calculating and showing periods of elevated or lesser volatility volatility as a standalone indicator. Parameters are simple:
Compared to Jurik Volty, in this version timeframes supported are all the possible timeframes supported by MetaTrader 5 and it has 3 "special" timeframes:
If some of these 3 timeframes are used, then the timeframe is set automatically as you change the timeframe of the chart.
PS: do not forget that the indicator is not directional. The color change is showing periods of elevated or lessened than average volatility - not the expected direction of market prices.
Author: Mladen Rakic