Judging by the code of indicator, it calculates the difference between the maximum maximums and minimum minimums of prices of the candlesticks for the last 20 bars (parameter).
The result is displayed in points.
MT4 Indicators – Download Instructions
Volatility Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Volatility Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Volatility Indicator.mq4?
- Download Volatility Indicator.mq4
- Copy Volatility Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Volatility Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Volatility Indicator.mq4 is available on your Chart
How to remove Volatility Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: Volatility Indicator