Chaikin Volatility (CHV) – indicator MetaTrader 5

Chaikin Volatility
Chaikin’s volatility indicator calculates the spread between the maximum and minimum prices. It judges the value of volatility basing on the amplitude between the maximum and the minimum. Unlike Average True Range, Chaikin’s indicator doesn’t take gaps into account. According to Chaikin’s interpretation, a growth of volume indicator in a relatively short space of time

Chaikin Volatility Index With a Smoothing Algorithm Selection – indicator MetaTrader 5

The main difference of this indicator from its standard equivalent is the possibility to change the smoothing algorithm by selecting an appropriate one out of ten algorithms present: SMA – simple moving average; EMA – exponential moving average; SMMA – smoothed moving average; LWMA – linear weighted moving average; JJMA – JMA adaptive average; JurX