Volatility Quality indicator

[Alexander.Gettinger]

This indicator is a ported MQL5 indicator from http://www.mql5.com/en/code/709.

Formulas:
VQ[i]=MA_C[i] and UP color if Dir[i]>0 or DN color if Dir[i]<0, where
Dir[i]>0 if Var>0 and Dir[i]<0 if Var<0,
if abs(Var)<Filter(in pips) Dir[i]=Dir[i-1],
Var=0.25*abs((MA_C[i]-MA_C[i-Smoothing])/Max+(MA_C[i]-MA_O[i])/(MA_H[i]-MA_L[i]))*(2*MA_C[i]-MA_C[i-Smoothing]-MA_O[i]),
Max[i]=Max(MA_H[i]-MA_L[i],MA_H[i]-MA_C[i-Smoothing],MA_C[i-Smoothing]-MA_L[i]),
MA_H - moving average for High,
MA_L - moving average for Low,
MA_O - moving average for Open,
MA_C - moving average for [MainPrice].

Download:

VQ.lua

(5.15 KiB) Downloaded 881 times

For this indicator must be installed AVERAGES indicator (viewtopic.php?f=17&t=2430).

The indicator was revised and updated

[Alexander.Gettinger]

Indicator paints the bars, in accordance with VQ.

Download:

VQ_Candles.lua

(5.42 KiB) Downloaded 1087 times

[Alexander.Gettinger]

Strategy based on this indicator :http://fxcodebase.com/code/viewtopic.php?f=31&t=12173.

[Apprentice]

Indicator was revised and updated.