Based on the lua original.
viewtopic.php?f=17&t=1126
This ratio is used to identify wide-ranging days.
Wide ranging days are signaled by a Volatility Ratio greater than 2.0.
Identifies
1. Wide-ranging days, signals a likely reversal
2. Price gaps
3. Island Price pattern
Formula
Volatility Ratio = True Range / EMA of True Range for the past n periods
VR.mq4- (4.41 KiB) Downloaded 862 times
