Jurik Volty Multiple Time Frames - MetaTrader 5 Script - MT4/MT5 Resources

There is one little-known part about Jurik smoothing: Jurik smoothing is an adaptive indicator.

It uses what is sometimes called Jurik Volty (a type of market fluctuation) to adapt. The indicator calculates and displays periods of increased or decreased volatility as a standalone indicator. The parameters are simple:

Compared to Ulric Volti , the timeframes supported in this version are all possible timeframes supported by MetaTrader 5, and it has 3 "special" timeframes:

If you use some of these 3 time ranges, the time range will be set automatically when you change the chart's time range.

PS: Don’t forget that this indicator has no direction. Color changes show periods of above or below average volatility, rather than the expected direction of market price.

Attachment download

📎 jurik_volty_mtf.mq5 (20.29 KB)

Source: MQL5 #21230