Volatility – Top Volatility Indicators – MetaTrader 4



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!


Volatility or variability is a statistical financial index which characterizes variability of a price. This is one of the most important financial indexes and notions in financial risk management which represents a risk level of usage a financial instrument within specified period of time.

ATR ratios are applied to calculate volatility

Short period of ATR is compared with long period of ATR.


  • Bar — dimension of the array where the indicator is calculated
  • p — short period of ATR
  • P — long period of ATR
  • mode — mode parameter.

If mode = true, the indicator compares 6-hour daily volatility with 12-hour daily volatility on all timeframes from M1 to H1.

If mode = false, you can specify p and P parameters at your discretion.

How to configure this indicator

Select: Charts =>Indicators List => Volatility =>Edit.

The indicator’s window will appear. Set parameters.

Create a template: Charts =>Template =>Save Template.


More Volatility Indicators for MetaTrader 4

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