VolatilityMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator represents a moving average that resets its calculation period when the bar closes and the current standard deviation exceeds the previous standard deviation by two or more.
It is useful for detecting trade direction.
There are three tunable parameters:
VolMA = SMA(price, length)
price = price before application = price before application
if Abs(sDevNow) > barrier length=1 Otherwise length = previous length + 1
sDevNow = RAW / price * sDev sDev = SQRT(VAR / period)
VAR = POW(RAW[period] + RawAVG
RAW = (price - previous price) / price RawAVG = SMA(RAW, period)
Attachment download
📎 volatilityma.mq5 (11.23 KB)
Source: MQL5 #20994
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