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Volatility Proper Index

The Volatility Proper Index indicator displays the volatility index of a trading symbol in a separate window.

To calculate volatility, the calculation of price deviations from the moving average is used.



Indicator parameters:

Period - the number of recent bars for which the volatility index is calculated.

MinThreshold - the minimum price deviation from the moving average, at which this deviation is taken into account in the calculations.




AveragePeriod - moving average period, default = 30 last bars.

AverageMethod - moving average calculation method, default = MODE_SMA(simple moving average).

AverageAppliedPrice - moving average price type, default = PRICE_CLOSE(by closing price).



This indicator is intended for building a trading system based on increased market volatility.
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