Forex Convergent Divergent Range Volatility Indicator 2
This Old Kings indicator for MetaTrader 4 is called Forex Convergent Divergent Range Volatility Indicator 2. Judging by its name, it is built around market volatility. In the code it works with divergence checks. It has 6 settings, for example SMAPeriod (default 20), note CDRWindow (default # of bars in Window (op) and CDRWindow (default 12). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Convergent Divergent Range Volatility Indicator 2
Forex Convergent Divergent Range Volatility Indicator 2 is an indicator for MetaTrader 4 based on Divergence. It has 6 settings, such as Sma period, Note cdr window and Cdr window. MQL source code included.
Files in the download: cdrvolatility.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Sma period | 20 | Period or timeframe used by the calculation |
| Note cdr window | # of bars in Window (open of 1st bar to | |
| Cdr window | 12 | |
| Note delta threshold | Abs Val of Price Change from start to e | |
| Delta thrshld | 0. | |
| Max bars | 10000 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Divergence · MT4 Indicator · MQL4 Source Code