Stochasic Chaikin’s Volatility – indicator MetaTrader 4

Analyzing the behavior of Chaikin’s Volatility index I was wondering how it should behave in a modified version, following J.Ehlers suggestions, applying a stochasticization process to it, so this is the result.

Sure now it does not have much to do with the original one but it seems interesting and I would like to share it.



Stochastic Chaikin’s Volatility



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Alternative:   Force index volatility bands - indicator MetaTrader 4