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Euro Fx Vix MT5

This volatility indicator is useful to detect dead markets. It's based on the EVZ index, which measures the volatility of the Euro (but can be applied to the Forex Market overall). High values represent high volume/volatility in the market. If it's below 7, volume is low and the risk when trading is greater.

For traders who use the No Nonsense Forex (NNFX) method, this indicator can be useful to backtest algorithms and measure the impact that the EVZ has on them, or just to be able to read it directly in your charts when trading.

Download EVZ Reader (Free) to get the data necessary for this indicator to work correctly

Features

  • This indicator reads data retrieved by the program EVZ Reader, which is necessary for this indicator to work. If the reader is active in one chart, the EVZ can get updated almost real time.
  • Multiple instances of this indicator can be placed in several charts without performance issues.
  • The indicator works in the Strategy Tester and its values can be accessed as any other indicator.
  • There is no data for the EVZ beyond August, 2008.
  • There are some days in which the Forex Market opens, but not the EVZ . In those cases, a flat candle is created with the value of the last EVZ close.


You can also download the Euro FX VIX for MetaTrader4.

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Version 4.0 2022.07.14
Added support for other periods:
-In W1/MN1 the daily candles are combined
-In lower TFs, a flat value is shown with the close of last day's candle
Version 3.0 2021.05.24
Changes in file formats (UPDATE ON EVZ READER NEEDED: https://www.mql5.com/es/market/product/63223)
Version 2.0 2021.04.27
Major corrections
Version 1.3 2021.04.26
Corrected a bug that caused the indicator to not retrieve data when combined with the EVZ reader in a chart template
Version 1.2 2021.03.03
Small corrections
Version 1.1 2021.03.03
Functional DEMO with 80 candles limit