Stochasic Chaikin’s Volatility – indicator for MetaTrader 4

Stochasic Chaikin's Volatility - indicator for 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

Chaikin Volatility (CHV) – indicator for 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 for MetaTrader 5

XCHV
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