Phoenix ATR Volatility Meter
- Indicators
- Version: 1.10
- Updated: 21 September 2026
This is an actively maintained release, rebuilt and expanded for current MT5 builds.
The same stop-loss distance or position size that works in a calm market can be too tight or too large once volatility shifts. Judging that shift by eye, from the raw ATR value alone, is unreliable.
Phoenix ATR Volatility Meter classifies current ATR against its own recent history, so you can see whether volatility right now is unusually low or high, not just what the raw number is.
How it reads volatility for you
- Live volatility gauge across five zones ("Very Low," "Low," "Average," "High," or "Very High"), ranked against a 30-day rolling history
- Configurable ATR period
- Per-zone alert toggles, so you're only notified for the conditions you care about
Use Phoenix ATR Volatility Meter to:
- Judge whether current volatility supports your planned stop size before entering
- Recognise unusually quiet conditions that often precede a breakout
- Avoid sizing a position for calm markets right as volatility expands
How to use it
1. Attach to any chart and set your ATR period.
2. Check the current zone before sizing a position or setting a stop.
3. Enable alerts for the specific zones you want to be notified about.
Installation
Download from the MQL5 Market and attach to any chart. The 30-day volatility history builds automatically from chart data.
Requirements
MetaTrader 5 build 3280 or higher. Works on any symbol and timeframe.
Important Notes
Volatility classification is based on historical ATR data and does not predict future volatility.
Feedback & Reviews
If this helps you size positions more confidently, a review from the Reviews tab above helps the next trader find it.
Support
Questions or a setup issue? Message us via MQL5 Private Message; we reply personally to every message.
Developed by Phoenix Global Investments Ltd.
© 2025 Phoenix Global Investments Ltd. All rights reserved.
