Volatility - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
There is always a need to gauge whether the market is "quiet" or volatile. One of the possible ways is to use standard deviation, but the problem is simple: we don't have some level that helps us understand whether the market is in a state of lower or higher volatility. This indicator is trying to do just that:
This is not a directional indicator. It should be used for volatility detection, not trend assessment - as you have to use some other indicator and then check this indicator if market volatility conditions match your expectations
Attachment download
📎 volatility_ratio.mq5 (11.4 KB)
Source: MQL5 #24413
Volatility - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Volatility - 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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