PZ Volatmeter MT5

This indicator measures volatility in a multi-timeframe fashion aiming at identifying flat markets, volatility spikes and price movement cycles in the market.

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• Trade when volatility is on your side
• Identify short-term volatility and price spikes
• Find volatility cycles at a glance
• The indicator is non-repainting

The ingredients of the indicator are the following...

• The green histogram is the current bar volatility
• The blue line is the fast volatility value
• The orange line is the slow volatility value
• The red line is the higher timeframe volatility

...and have straightforward trading implications:

• If the green histogram is above two lines, short-term volatility is extreme
• If the blue line is above the orange line, volatility is generally high
• If the orange line is above the red line, the market volatility is high

• Zoom out the chart to see the volatility cycle reflected on the red line

Parameters

The only functional parameters of the indicator are the following.

• Fast ATR Period: ATR period for the current timeframe
• Slow ATR Period: ATR period for higher timeframes
  
  

Support

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions