Name: volatility_Bar – indicator MetaTrader 4
Brand: RobotFX
SKU: 3847
Price: 4.89 USD
Availability: InStock
Rating: 4.5 (98 reviews)

I use the indicator mainly in my advisors to divide the market into volatile and flat.

Recommended M5 timeframe.

The indicator is displayed by a straight line in a separate one under the window. The meaning of the display colors: Red – strong flat; Yellow is a weak flat; Blue – strong volatility; Green – weak volatility.

https://www.mql5.com/ru/code/27552

The indicator consists of the maximum range of the previous 5-bars divided by a coefficient with further smoothing. The indicator has a threshold level of volatility, and a coefficient that is regulated by external variables.

input int    bar   = 6;    // number of bars to calculate 
input int    koef  = 50;   // candle division ratio
input double level = 0.75; // midline volatility level

volatility_Bar – indicator MetaTrader 4

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