Stochastic Volatility Indicator
Info
The Stochastic Volatility Indicator is a Indicator for MetaTrader 5 that this indicator is based on the original work and concept of stochastic volatility introduced by francesco g. Cavasino in his published article in 2026.
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 Stochastic Volatility Indicator
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 is based on the original work and concept of stochastic volatility introduced by Francesco G.
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.
This indicator is based on the original work and concept of stochastic volatility introduced by Francesco G. Cavasino in his published article in 2026.Also recommended: Volatility-Adjusted Momentum Decay Line (VAMD) - similar indicator with strong performance on MetaTrader 5.
Original Stochastic (
originalstoch
input variable in the code or
calculate using original stochastic
option in the inputs tab of the indicator) - This setting determines whether the indicator calculates the smoothness of the stochastic using George Lane's original method or an alternative approach. By default, it is set to true.
Original Volatility (
originalvolatility
input variable in the code or
calculate using original volatility
option in the inputs tab of the indicator) - The original indicator calculated historical volatility based on daily data, assuming 252 working days in a year. If you're using a different time frame, it's recommended to turn off the original volatility calculation (set this parameter to false) for more accurate results.
Usage:
- This indicator does not provide directional information; it does not show the market's direction but instead represents the direction, amount, and size of volatility.
- The underlying assumption is that during periods of extremely low volatility, it's an opportune time to enter the market, as a change in volatility is likely. These moments are indicated by dark gray dots on the indicator.
- For directional entry, it's advisable to use additional trend-indicating indicators.
You may also like: Volatility Regime Shader: Adaptive Volatility Classification for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ 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.