Tro_Range – indicator MetaTrader 5

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.

//+-----------------------------------+
//|  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

Figure 1. The TRO_RANGE indicator


📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks