Historical Volatility Ratio (HVR)
Info
The Historical Volatility Ratio (HVR) is a Indicator for MetaTrader 5 that the historical volatility ratio (hvr) is an oscillator and volatility indicator that compares the price ratio between 'yesterday' and 'today'. It has four configurable parameters:- First Deviation Period: The period for the first standard deviation calculation.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Historical Volatility Ratio (HVR)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The Historical Volatility Ratio (HVR) is an oscillator and volatility indicator that compares the price ratio between 'yesterday' and 'today'.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: AIS Average Rank Speed: Measuring Price Volatility - another powerful indicator for MetaTrader 5 traders.
The Historical Volatility Ratio (HVR) is an oscillator and volatility indicator that compares the price ratio between 'yesterday' and 'today'. It has four configurable parameters:Also recommended: Volatility-Adjusted Momentum Decay Line (VAMD) - similar indicator with strong performance on MetaTrader 5.
- First Deviation Period: The period for the first standard deviation calculation.
- Second Deviation Period: The period for the second standard deviation calculation.
- Applied Price: The price used for calculations.
- Threshold: The 'low' volatility threshold.
Calculation:
The HVR is calculated using the following formula:
HVR = (Price Ratio - Threshold) / (First Deviation + Second Deviation)
Where:
- Price Ratio: The ratio of today's price to yesterday's price.
- Threshold: The low volatility threshold.
- First Deviation: The standard deviation of price ratios over the first period.
- Second Deviation: The standard deviation of price ratios over the second period.
You may also like: Volatility Regime Shader: Adaptive Volatility Classification for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.