This indicator measures the volatility of a certain currency pair. The current volatility level is indicated in the upper left corner of the indicator window.
Volatility is calculated using a simple average as a sum of High prices within the averaging period minus the sum of Low prices for the same period (5 by default), expressed in points:
(IMA (High,5) – IMA (Low,5)) * 100
where High and Low are the highest and the lowest prices for the period.
- File: R_Volatility.mq4
- Size: 2 Kb