Volatility - With Floating Levels - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources

There is always a need to gauge whether the market is "quiet" or "calm" and volatile. One possible way is to use standard deviation, but the problem is simple: we don't have some levels that can help us find out if the market is in a state of lower or higher volatility. This indicator tries to do that, but not by using fixed levels, but by adding floating (adaptive) levels. This allows you to examine and use more states (including the "neutral" state) in your trading decisions

This is not a directional indicator. It should be used for volatility detection, not trend assessment - for this you have to use some other method indicator and then check if the market volatility is what you expect

Attachment download

📎 volatility_ratio_jflz.mq5 (15.9 KB)

Source: MQL5 #24414