Indicators: VolatilityPivot

 

VolatilityPivot:

This indicator is calculated on the basis of currency pair volatility displaying the nearest support and resistance level depending on the trend direction

Fig.1 The VolatilityPivot indicator

Fig.1 The VolatilityPivot indicator

Author: Nikolay Kositsin

 
This is old and very good indicator. Thanks a lot for converting it to MT5.