VSI - MetaTrader 5 Script - MQL5 #20162 | Forex Indicator Download - MT4/MT5 Resources
VSI - Volatility Switching Indicator. This indicator measures the current volatility of historical data for the selected period. It can assess the state of the market. The range of indicator values is normalized from 0 to 1.
When the value of this indicator rises above 0.5, market volatility increases, and it can be expected that the price trend will accelerate and violent fluctuations will occur. When the indicator value drops below 0.5 after high values, volatility decreases, which can be considered a sign of trend formation.
The indicator has three input parameters:
Attachment download
📎 vsi.mq5 (16.02 KB)
Source: MQL5 #20162
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