Volatmeter 2.2
This indicator measures volatility in a multi-timeframe fashion aiming at identifying flat markets, volatility spikes and price movement cycles in the market. It's not the easiest volatility indicator to interpret, but certainly a very powerful one.
Trade when volatility is on your side
Identify short-term volatility and price spikes
Find volatility cycles at a glance
The indicator is non-repainting
The ingredients of the indicator are the following...
The green histogram is the current bar volatility
The blue line is the fast volatility value
The orange line is the slow volatility value
The red line is the higher timeframe volatility
...and have straightforward trading implications:
If the green histogram is above two lines, short-term volatility is extreme
If the blue line is above the orange line, volatility is generally high
If the orange line if above the red line, the market volatility is high
Zoom out in the chart to see the volatility cycle reflected on the red line
When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
Fast ATR Period
ATR period for the current timeframe
Slow ATR Period
ATR period for higher timeframes
Save time withd software.
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