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Rating:

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Published:

2018.06.18 15:12

Volatility_Ratio.mq5 (9.01 KB) view

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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.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20868

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