multi-scale volatility
Info
The multi-scale volatility is a Indicator for MetaTrader 5 that this indicator summarizes the volatility of multiple periods. the periods used are 3, 4, 5, 6, 8, 10, and 13.
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 multi-scale volatility
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
this indicator summarizes the volatility of multiple periods.
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: Quantora Market Volatility Monitor MT5 - Professional ATR and Volatility Dashboard - another powerful indicator for MetaTrader 5 traders.
Also recommended: Volatility Regime Indicator - similar indicator with strong performance on MetaTrader 5.
this indicator summarizes the volatility of multiple periods.the periods used are 3, 4, 5, 6, 8, 10, and 13.display:
red bold line — summarized the volatility.
red line — volatility of lag 3.
orange line — volatility of lag 4.
gold line — volatility of lag 5.
green line — volatility of lag 6.
turquoise line — volatility of lag 8.
sky blue line — volatility of lag 10.
blue line — volatility of lag 13.
settings:
smoothing period (default value = 14).
features:
the difference is obvious when compared to the general lag 1 volatility.
You may also like: Session Volatility Heatmap - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 15
#property indicator_plots 8
#property indicator_label1 "Multi-scale volatility"
#property indicator_type1 DRAW_LINE
#property indicator_color1 clrRed
#property indicator_width1 3.......
⚠ 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.