Volatility Bands - MetaTrader 5 Script - MQL5 #23717 | Trading Script Download - MT4/MT5 Resources
In "V-Trade, Part 5: Technical Analysis - Moving Average Support and Stocks and Volatility Bands July 2018" Commodities author Sylvain Vervoort introduces a new type of price band that he calls the SVEVolatility Band. He created this new type of band to better highlight volatility changes when using charts that are not time-correlated. According to the author, traditional bands may not be effective in highlighting these changes when using charts such as Renko charts.
You can use it as any band type indicator
Attachment download
📎voltility_bands.mq5 (14.99 KB)
Source: MQL5 #23717
Fluctuation Zone - MetaTrader 5 Script - MQL5 #23717 | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Fluctuation Zone - MetaTrader 5 Script - MQL5 #23717 | Trading Script Download - MT4/MT5 resources are trading script 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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