Metatrader 5 Indicators | Tro_Range | Free Download

Fresh MQL5 code release – perfect for enhancing your MT4/MT5 strategies.

Real author:

Avery T. Horton, Jr. aka TRO

A simple volatility meter which displays sizes of candlesticks in a separate subwindow. If the size of a candlestick is greater than the threshold determined by the input parameter Treshold, the histogram is purple, otherwise it is pink.

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//+-----------------------------------+
//|  INDICATOR INPUT PARAMETERS       |
//+-----------------------------------+
input uint Threshold=200; // Threshold in points

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 23.05.2008.

Figure 1. The TRO_RANGE indicator

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