mrtools wrote: Sat Sep 03, 2022 6:28 am JCFBaux Volatility indicator

It's pretty much a cfb and a jurik cfb cross non-directional volatility type indicator, best I can understand when the cfb crosses the jurik cfb the pair is in a trend. Think this may be close to that version.

Loxx here, that's correct. This version of CFB and JCFBaux is because the normal version of CFB can't be coded in Pine Script due to Pine not allowing assignment of computed MAs or other formula inside loops, so I resorted to this different method. Anyway, enjoy!

Edit: In other words, the MT4 version is better for MT4, this version from Pine is much more complex than it needs to be for MT4. The CFB for MT4, the latest version, works just fine. No need to get too complicated. Pine is still evolving and until they allow assignment and reassignment of variables in complex formuals in loops, then we have to create workarounds.

And one more thing to add, this was built to create another volatility indicator, you can see how it matches up to optimized WAE. So this is just additional confluence for momentum/volatility, but since volatility is directionless this is volatility only.