Volatility Meter MT5 Trading Capital P
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- バージョン: 1.0
Volatility Meter answers a simple question before every trade: how much room is left today? It compares today's range with the average daily and weekly range and draws the projected targets on the chart. Free, with no limits.
Daily and weekly range
- Share of the average daily range (ADR) already used today, with 80%, 100% and 130% zones
- The same for the week against the average weekly range
- Ranges come from the broker's D1 and W1 candles
Targets on the chart
- Projected targets: today's low + ADR and today's high − ADR, with their distance from the price
- Optional extended targets for the 130% zone
Context
- Current candle of four timeframes against its own ATR (M15, H1, H4, D1 by default)
- Volatility regime: recent ADR against the longer average (quiet market, normal or high volatility)
- The range maths is unit tested (22 checks)
Alerts
- Alerts when today's range passes the 80%, 100% and 130% zones: pop-up, push, e-mail
Clean and light
- Movable, minimisable panel; every object is removed with the indicator
- Any symbol and timeframe: forex, gold, indices, crypto, stocks
Inputs
- Averages: ADR days, AWR weeks, regime recent days, regime long days
- Zones: zone 1, zone 2, zone 3 as a share of the average range
- Chart: draw ADR targets, draw zone-3 extension, colour
- Timeframes: four timeframes, ATR length
- Panel: show, corner, distance
- Alerts: zones, pop-up, push, e-mail
Part of the Trading Capital P family. Free tools: Candle Timer Sessions, Position Size Calculator, Fair Value Gaps, VWAP Bands, Key Levels, Account Dashboard, Volatility Meter and Chart Drawing Toolkit. Paid tools: Trade Manager MT5, Market Structure MT5 and Prop Firm Guardian MT5.
