Volatility Ratio MT5 Indicator

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Indicator Volatility_Ratio is an attempt to find trading ranges and trend return points.

It works within the range of 0.01-1.0 only. At the values above 0.5, it indicates the probability of the current trend reversal.

It has one input parameter:

  • Period – calculation period.

Calculations:

VR[i] = tr[i] / pr[i]

where:

tr[i] = Max(hl[i], hc[i], lc[i])
hl[i] = High[i] - Low[i]
hc[i] = Abs(High[i] - Close[i-1])
lc[i] = Abs(Low[i] - Close[i-1])
pr[i] = Max(MH, Open[i-Period+1]) - Min(ML, Open[i-Period+1])
MH and ML are the highest and the lowest price over the Period, respectively.

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Volatility Ratio MT5 Indicator

 

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