The volatility meter with the indication in the form of a colored cloud. When a trend is weak, the cloud is gray, when it is strong, the cloud is orange.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 14.04.2008.
Damiani_Volatmeter - indicator MetaTrader 5 Damiani Volatmeter - trend/flat determining algorithm. There are five inputs: Viscosity; Sedimentation; Threshold; Lag suppressor - whether to limit lagging…
