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

Avery T. Horton, Jr. aka TRO

A simple volatility meter that displays the candlestick size in a separate sub-window. If the size of the candlestick is greater than the threshold determined by the input parameter Treshold, the histogram is purple, otherwise it is pink.

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Input unit threshold = 200 ; // Threshold (in points)

The indicator was first implemented in MQL4 and published in the code base of mql4.com on May 23, 2008.

Figure 1. TRO_RANGE indicator

Attachment download

📎 tro_range.mq5 (5.67 KB)

Source: MQL5 #1755