Damiani_volatmeter - MetaTrader 5 script - MQL5 #1749
The volatility meter is displayed as a colored cloud. When the trend is weak, the clouds appear gray; when the trend is strong, the clouds appear orange.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on April 14, 2008.
Figure 1. Damiani_volatmeter indicator
Attachment download
📎 damiani_volatmeter.mq5 (7.54 KB)
Source: MQL5 #1749
Damiani_volatmeter - MetaTrader 5 script - MQL5 #1749 Usage and filtering recommendations
Damiani_volatmeter - MetaTrader 5 Script - MQL5 #1749 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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