Flat - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

A measure of market volatility.

During a strong trend, the indicator's colored points turn red, and during a weak trend, the indicator's colored points turn gray. Medium trends are shown in blue.

Indicator input parameters:

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input unit smoothing = 10 ; // smoothing period
Input ENUM_MA_METHOD ma_method= mode_SMA ; // smoothing type
Enter ENUM_APPLIED_PRICE application price = PRICE_CLOSE ; // price type
Input unit HL reference = 100 ; Input integer shift = 0 ; // Horizontal movement of the indicator (in bars)
Input unit super high level = 60 ; // Strongest trend level
Input unit high level = 40 ; // Level of strong trend
Enter unit low level = 20 ; // weak trend level
Input ENUM_LINE_STYLE level style = STYLE_DASHDOTDOT ; // Horizontal line style
Input color level color = clear blue ; // color of level
Input ENUM_WIDTH level width=w_1; //The width of the level

The indicator was originally written in MQL4 and first published in the code base of mql4.com on November 1, 2007.

Figure 1. Flat indicator

Attachment download

📎 flat.mq5 (10.73 KB)

Source: MQL5 #2060