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Re: Volatility Indicators for MT4

mrtools, Sat Jul 17, 2021 1:13 am

whiplashtm wrote: Thu Jul 15, 2021 6:57 am Very cool and unique indicator! Thank you so much mrtools.

But as you can see if we add a MA (in this case LWMA) to the indicator (top window) it smooths out the jaggedness of the indicator. I believe the added MA is following the blue line in the original indicator (like a signal line).

If you added a signal line to be used instead of the original line, couldn't we add different MA calculations for the signal line? Like OMA/Jurik or any other type of MA (or even smoothing?). It wouldn't add smoothness to the overall indicator (only to the signal line) but would generally give smoothness and different MA versions to the indicator.. But my coding knownledge is very limited - so what do I know, lol!

Edit: Also isn't it possible to add different MA's to the experimental smoothing you allready added? Appreciate all you work!
Added all the averages for smoothing. Attaching the original document by Peter G. Martin that describes Ulcer Index and its original usage in detail.
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