INDICATOR NAME – Volatility Hunter
DOWNLOAD THE INDICATOR – CLICK HERE
Hello everyone! A member made a request for available MetaTrader 4 volatility indicators in the room today. I did some research on the matter and found multiple that could be very helpful to determine, recieve alerts, have multiple visuals, etc for asset volatility.
Please note that these are not indicators created by Slick Trade, nor do we claim that we own them in any way. They are available free on the internet and we are happy to share good ones we find!
I will create a separate post for each of them and I hope they are a nice addition to your trading arsenals!
About
This novel indicator uses second derivative to measure volatility (and thus probability of beginning/continuing of a trend). It monitors minor changes in character of price movements simultaneously with volumes, therefore providing early entry points and conservative exits.
Though Volatility Hunter shows its best results with reliable volume data, special option of “synthetic” volume (which uses OHLC data only) is implemented to optimize performance in case of poor or missing volume data.
Unlike analogs, Volatility Hunter is additionally filtered in order to avoid going off-scale on gaps and news events as well as on poor volume data.
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