https://www.tradingview.com/script/4DvA ... ator-v2-0/
It's not 100% close to the TradingView version.
Because TradingView and MT4 implementation of some build-in indicators are different.
For example, MT4 doesn't have RMA.
Anyway, this is a very effective volatility indicator from TradingView that filters out many bad trades.
Code: Select all
// Yellow bars (upper row) = Trending
// Orange bars (upper row) = Exhausted trend (could potentially reverse, so if trend trading,
// use less risk)
// Red bars (upper row) = Exhausted trend is losing momentum (reversal or pullback is very
// likely ahead, use less risk)
// Gray bars (upper row) = Ranging - DO NOT TRADE!
//
// Blue bars (mid row) = There is ACTION in the market -- signals it should be safe to trade
// Gray bars (mid row) = No ACTION - DO NOT TRADE!
//
// Teal bars (lower row) = There is force behind the ACTION!
// Gray bars (lower row) = Less volatility in the market, be careful!
edit, Saturday, July 18th, 2020, 8:17 AM, PST
Please download the new version 1.00a over here:
viewtopic.php?p=1295415080#p1295415080
Thank you.
---------------------------------