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_JS.jsl- (5.2 KiB) Downloaded 512 times
VQ candles:
Indicator paints the bars, in accordance with VQ.
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- VQ_Candles_JS.jsl
- (5.47 KiB) Downloaded 476 times
VQ trigger:
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- VQ_Trigger_JS.jsl
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VQz indicator:
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Volatility quality index:
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- VQI_JS.jsl
- (3.41 KiB) Downloaded 478 times