Val_Bands - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Candlestick Length Volatility Indicator:
It is useful for tracking gaps in the market. This gap contains everything above the yellow line (yellow bar of the histogram) - crossing the upper boundary.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on August 19, 2010.
Attachment download
📎 val_bands.mq5 (10.65 KB)
Source: MQL5 #687
Val_Bands - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Val_Bands - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. 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 only on titles or short-term profit descriptions.
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