synthetic vi x - smoothed
Info
The synthetic vi x - smoothed is a Indicator for MetaTrader 5 that in order to make the volatility assessment easier, this indicator is producing smoothed results. also, in order to avoid adding significant lag, the usual "trick" to avoid that lag is used: instead of smoothing the result (which, in this case would be smoothing the already calculated vix) prices are smoothed prior to be used in 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 synthetic vi x - smoothed
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
in order to make the volatility assessment easier, this indicator is producing smoothed results.
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 Smoothed Linear Trend Indicator - another powerful indicator for MetaTrader 5 traders.
in order to make the volatility assessment easier, this indicator is producing smoothed results. also, in order to avoid adding significant lag, the usual "trick" to avoid that lag is used: instead of smoothing the result (which, in this case would be smoothing the already calculated vix) prices are smoothed prior to be used in calculation. jma is used for that smoothing (as a very responsive smoothing way).
Also recommended: heiken ashi smoothed indicator - similar indicator with strong performance on MetaTrader 5.
ps: it was already mentioned in the original published code, but just in case - synthetic vix is not a directional indicator. it indicates the increase or decrease of volatility and it should be used as that.You may also like: heiken-ashi indicator: a synthetic candlestick approach - 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.