Exp_VolatilityQuality - MetaTrader 5 Expert - MT4/MT5 Resources

Signal-based volatility quality indicator for trading systems. If the color of the indicator line changes when the bar closes, a signal is formed.

This Expert Advisor requires the compiled indicator file VolatilityQuality.ex5 to run. Place it in <terminal data folder>\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit along with opening positions with brokers that offer the following services. You can download more variants of this library via the following link: Trading Algorithms .

The input parameters of the default Expert Advisor were used in the test shown below. Stop Loss and Take Profit were not used during testing.

This EA was originally written in MQL4 and was first published in the code base on August 24, 2008.

Figure 1. Example of trade on chart

2014 GBPJPY H4 test results:

Figure 2. Test result chart

Attachment download

📎 exp_volatilityquality.mq5 (7.92 KB)

📎 smoothalgorithms.mqh (130.19 KB)

📎 tradealgorithms.mqh (60.9 KB)

📎 volatilityquality.mq5 (9.37 KB)

Source: MQL5 #14312