Chaikin Volatility Index with Smoothing Algorithm Selection - MetaTrader 5 Script - MT4/MT5 Resource
The main difference between this indicator and its own standard equivalent is the possibility to change the smoothing algorithm by choosing the appropriate one from the existing ten algorithms:
It should be noted that the Phase parameter has completely different meanings for different smoothing algorithms.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to the 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.
Attachment download
📎 smoothalgorithms.mqh (133.8 KB)
📎 xchv.mq5 (6.75 KB)
Source: MQL5 #471
Chaikin Volatility Index with Smoothing Algorithm Selection - MetaTrader 5 Script Usage and Screening Advice
Chaikin Volatility Index with Smoothing Algorithm Selection - MetaTrader 5 Script is a resource related to Forex 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 only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •