Volatility Market Index - Smoothing - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Volatility Market Index Indicator (originally published here: Market Index Volatility ) is a useful indicator, but it may be lacking one thing: smoother.
This issue is being addressed in this release. The method used attempts to reduce latency to a minimum (or non-existence), and it seems to work in an acceptable mode. The smoothing methods used are 4 commonly used averaging types:
Set smoothing period to <=1 and smoothing to off.
PS: Comparison of smooth (top) and regular (bottom) values. It's obvious that the smoothed version is smoother, and the lag is acceptable even if a simple moving average is used for smoothing in this case (sma is the "slowest" of the averages available for smoothing).
Attachment download
📎 choppy_market_index_smooth.mq5 (12.33 KB)
Source: MQL5 #21988
Volatility Market Index - Smoothing - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Volatility Market Index - Smoothing - 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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