Vo - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
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Average volatility indicator. The indicator finds the highest and lowest price during the period determined by the indicator input parameters.
Input unit XP period = 20 ; // Extreme value search period
It finds the difference (in points) between these values and displays it in an additional chart window after averaging.
The indicator was first implemented in MQL4 and released in the code base on December 23, 2008.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Figure 1 Volatility indicator
Attachment download
📎 smoothalgorithms.mqh (134.03 KB)
📎vo.mq5 (6.29 KB)
Source: MQL5 #1656
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