Synthetic VIX - Smoothing - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This is a smoothed version of the synthetic VIX .
To make volatility assessment easier, the indicator is producing smoothed results. Furthermore, in order to avoid adding significant lag, the usual "trick" is used to avoid this lag: instead of smoothing the result (in this case the already calculated VIX will be smoothed) the price is smoothed before being used in the calculation. JMA is used for this smoothing (as a very responsive smoothing method).
PS: This was already mentioned in the originally posted code, but just in case - the synthetic VIX is not a directional indicator. It indicates an increase or decrease in volatility and should be used as such.
Attachment download
📎 synthetic_vix_smoothed.mq5 (11.87 KB)
Source: MQL5 #21571
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