Wmi Vol Pluse
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Wmi Vol Pluse
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.
Description & Settings
Murad Ismayilov
Indicator of intraday volatility with no lag. It suggests the trading area for intraday strategies.
Often, it is necessary to calculate the optimum time for trading, when the quotes are changing rapidly (for example, from 07:00 to 21:00).
If the instrument is not a familiar one, this may be a problem. This indicator reads all bars on the chart and displays statistics on which time of the day had the greatest activity. The candle height (High minus Low) was selected as the criterion of activity. High activity is highlighted by blue bars, low - pink. The indicator can be used as a filter for different strategies, which require high activity of the instrument.
Originally this indicator has been written in MQL4 and was first published in the on 28.02.2014.
Fig.1. The WmiVol_Pluse indicator
