PriceVar - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

Price Divergence % is a measure designed to measure the percentage difference between price and a moving average , highlighting the strength of market movements relative to a reference value.

If the closing price is above average , the calculation is:

If the closing price is below the average price , the calculation is:

    

        

            

        
    

    

       Var = (low - MA)/MA * 100 ;

The results are displayed as a percentage histogram (%):

Green → when prices are above average (purchasing power).

Red → when the price is below average (selling force).

Positive values ​​indicate that the distance is above average .

Negative values ​​indicate that the distance is below average .

The higher the absolute value, the greater the percentage distance of the price from the mean.

Identify overbought/oversold moments relative to average levels .

Measures volatility as a percentage around average levels.

Assist breakouts or reversals to strategize by verifying exercise intensity.

Used as a filter in automated systems (e.g. only trade if the percentage change exceeds a certain threshold).

Average Period (iPeriod): Defines the range of the moving average used as a reference.

Balance of Power (BOP) is an indicator originally developed by Igor Livshin in 2001 that measures the balance of power between buyers and sellers during each candle.

This is a tester script that extends the standard MetaTrader 5 optimization functionality and allows you to evaluate strategies according to complex user-defined criteria (divided into in-sample and out-of-sample periods, advanced indicators and statistical tests).

Quantum Systems - Using quantum states and probability to make decisions.

A simple yet effective RSI indicator that monitors overbought and oversold conditions on any symbol and time frame. Send instant alerts via pop-ups and mobile notifications when RSI exceeds your defined threshold.

Attachment download

📎 PriceVar.mq5 (5.22 KB)

Source: MQL5 #63139