Dimension Highs and Lows - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
When the volatility of a financial instrument falls below a certain level, long, medium and short-term strategies may lose profits and become unprofitable.
It depends on how long this situation "calms" - during these periods you can use a scalping strategy based on hourly volatility. To find patterns in market behavior, you need tools.
This Size Highs and Lows indicator shows the size of the highs and lows during a specified period and their values (these values are calculated in the same way as the Price Channel indicator).
Figure 1. Dimension Highs and Lows Indicator
The idea becomes clear if you look at this Break_Lag_ATR indicator:
Figure 2. Scale Highs and Lows + Break Lag ATR Indicator
As you can see from the chart above, the rise in volatility continues for some time after the volatility collapse. This is where scalper bots come in. The only thing I can find is the pattern :)
Input parameters:
This indicator has only 2 input parameters (period):
Attachment download
📎size_highs_and_lows.mq5 (11.31 KB)
Source: MQL5 #892
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