WVF – indicator MetaTrader 5

The volatility index oscillator (VIX).

It has two parameters:

  • Period – calculation period (default 22)
  • Drawing style:
    • Line – a colored line
    • Histogram – a colored histogram

The original calculation formula:

WVF = [Highest (Close,22) – Low) / (Highest(Close,22)] * 100

Fig.1. VIX displayed as a line

Fig.2. VIX displayed as a histogram


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