Chaikin_Volatility_Stochastic - MetaTrader 5 script
When analyzing the behavior of the Chaikin Volatility Index, the authors of the indicator wanted to know how it would behave if it were modified and if a randomization process was applied to it. The results can be seen here.
Of course, it has nothing in common with the original now, but it looked interesting, so the author wanted to share it.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on June 14, 2016.
Figure 1. Chaikin_Volatility_Stochastic indicator
Attachment download
📎 Chaikin_Volatility_Stochastic.mq5 (7.51 KB)
📎 SmoothAlgorithms.mqh (130.2 KB)
Source: MQL5 #15772
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