This Utility tells you the volatility of any symbol for any of the major timeframes.
As trades occur, the volume increases for each period. When eachperiod ends, the bucket is reset to 0.
Volumes are sorted from largest to smallest within each shownperiod.
Click any symbol to highlight that symbol in all period columns.
Volume information is specific to transactions placed at yourbroker.
To test in the Tester, set the following:
EURUSD,M1,1 minute OHLC
2018.01.01 to 2018.01.02 (a day’s w
MT5 ships with the Envelopes indicator. This indicator allows youto create equidistant bands from a moving average by specifying a“deviation.” Unfortunately, the deviation is an arbitrary number.You might determine that 0.220 works well to contain 95% of closeprices for USDCHF,H1, but when you change the period to H4, most ofthe bars are now outside the bands.
So, I created this self-tuning indicator. Instead of specifying apercent “deviation,” you specify the percent of bars you
This indicator shows the narrowest bar within the past seven bars, which is known as NR7 in the literature.
It will also show the NR4 bar.
The range is variable; thus, you can show any two ranges, e.g. NR7/NR4, NR11/NR6, etc. For the description of this indicator, I will continue to use the default of seven (7) and four (4).
If an NR7 bar also happens to be an Inside Bar, it gives a stronger signal. Thus NR7IB are denoted in another color. Sometimes this is known as NR7ID (for Inside Day). I
BBTrend is a relatively new indicator developed by John Bollinger to work with Bollinger Bands™. It is one of only a few indicators that can signal both strength and direction making it a very valuable tool for traders.
The calculations are fairly simple. The default periods of 20 and 50 are shown, but these can be changed through the parameters.
Lower = MathAbs(lowerBB(20) - lowerBB(50))
Upper = MathAbs(upperBB(20) - upperBB(50))
BBTrend = (lower - upper) / middleBB(20)