Directional_Volatility - MetaTrader 5 Script - MT4/MT5 Resources
Directional volatility indicator. The indicator shows two wave lines - bullish and bearish.
It has two configurable parameters:
Short = ShortMA + Bias * ShortDev Long = LongMA + Deviation * LongDev
Short-term MA - EMA (Short-term S, period)
ShortDev - StdDev(ShortMA, period)
ShortS = previous closing price - lowLongMA - EMA(LongS,Period)
LongDev - StdDev(LongMA, period)
Long S = high price - previous closing price
Attachment download
📎 directional_volatility.mq5 (18.17 KB)
Source: MQL5 #22424
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