Volatility Scanner - MetaTrader 4 Script | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources

Volatility Scanner

Represents the quantity of a currency pair in a very primitive form.

The indicator shows the volatility starting from the actual candle on the right (next to the symbol) to the older candle on the actual left.

Each candle has 2 numbers.

The number on the left is the body size/average body size calculated based on the previous 100 candles.

The number on the right is the high and low size/average high and low size calculated based on the previous 100 candles.

Lower volatility is color coded.

Blue indicates that the body size is reduced by more than 50% of the average body size, while the height and height sizes are greater than 50% of the average height and height size.

Red means that the body size has been reduced by more than 50% of the average body size, while high and low sizes are reduced by more than 50% of the average high and low size.

You can change the number of candles displayed and the text size.

Can indicate uncertainty or possible swing points (crosshairs).

Attachment download

📎 volatility_scanner.mq4 (26.82 KB)

Source: MQL5 #29759