Luta Volatility Meter
- Indicatori
- Versione: 1.0
💡 Key Advantages
-
Optimal Trade Timing: Helps you identify whether the market is slow (low volatility) or highly active (high volatility), allowing you to select the best strategies for current conditions.
-
Risk Management: Gives a clear picture of the average daily movement in pips, enabling you to set more informed Stop Loss and Take Profit levels based on realistic market action.
-
Historical Insight: Visualizes the daily pip movement directly on the chart for the past $\text{InpPeriod}$ days, giving you historical context for current market behavior.
-
Uncluttered Charting: Provides an optional, clear volatility status box directly on the chart, so you can see the latest analysis without needing to scan crowded charts.
✨ Main Features
-
Daily Volatility Separation: Draws vertical lines on the chart to clearly mark the beginning of each trading day (adjusted for GMT+03 timezone).
-
Daily Pip Movement Display: Optionally displays the total high-to-low pip movement for each day directly next to the daily separator.
-
Real-Time Volatility Meter: A configurable display (a "meter") on the chart that shows the Average Volatility in Pips (AVP) calculated over the last 20 days, and assigns a status: LOW, MODERATE, or HIGH volatility.
-
Customizable Appearance: Full control over the line color, style, width, and the font for all on-chart labels.
| Parameter Name | Data Type | Default Value | Description |
| Period (days) | int | 60 | The number of past days to analyze and display historical volatility for. |
| Line color | color | clrDodgerBlue | Color of the daily separation lines. |
| Line style | int ( STYLE_DOT ) | 1 | Style of the daily separation line (e.g., solid, dash, dot). |
| Line width | int | 1 | Thickness of the daily separation line. |
| Show day labels | bool | true | Show the day name (e.g., Mon, Tue) on the chart. |
| Full day names | bool | false | Use full day names (e.g., Monday) or abbreviated (Mon). |
| Show daily pip movement | bool | true | Display the calculated high-to-low pip range for the day. |
| Label position | bool ( true=top ) | true | Position of day and pip labels (near chart top or bottom). |
| Label color | color | clrBlack | Color of the day and pip movement labels. |
| Font size | int | 8 | Font size for day and pip labels. |
| Font name | string | "Arial" | Font face for day and pip labels. |
| Show volatility meter | bool | false | Enable or disable the dynamic AVP status meter display. |
| Volatility meter corner | int | CORNER_LEFT_UPPER | Chart corner for the AVP status display. |
| Volatility meter X position | int | 5 | Horizontal offset (in pixels) for the AVP display. |
| Volatility meter Y position | int | 5 | Vertical offset (in pixels) for the AVP display. |
| Volatility meter text color | color | clrWhite | Color of the text on the AVP status display. |
| Volatility meter shadow color | color | clrDarkGray | Shadow color for enhanced visibility of the AVP display. |
| Volatility meter font size | int | 10 | Font size for the AVP status display. |
Simple yet very useful.