Forex Volatility Illuminated Trading System
Forex Volatility Illuminated Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around market volatility. Its source code uses moving averages and CCI. It draws arrows on the chart. It has 34 settings, for example note1 (default Change font colors autom), Bid Ask Colors (default True) and note2 (default Default Font Color). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 14 indicator files 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 Volatility Illuminated Trading System
Forex Volatility Illuminated Trading System is an indicator for MetaTrader 4 based on Moving Average and CCI. It draws buy and sell arrows on the chart. It has 34 settings, such as Note1, Bid ask colors and Note2. MQL source code included.
Files in the download: installation manual.txt, Magnified_Market_Price.ex4, Magnified_Market_Price.mq4, wave iofs template1- with cci-wave-pm.tpl, wave iofs template2- with-quad cci.tpl, wave iofs template3- with-wave pm.tpl, vwap-with-print-statements-commented-out.mq4, VWAP.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Change font colors automatically? True = | |
| Bid ask colors | True | Colour on the chart |
| Note2 | Default Font Color | |
| Font color | Black | Colour on the chart |
| Note3 | Font Size | |
| Font size | 32 | |
| Note4 | Font Type | |
| Font type | Arial | |
| Note5 | Display the price in what corner? | |
| What corner | 3 | |
| Ma ticks | 1000 | |
| Long bands period | 50 | Period or timeframe used by the calculation |
| Long bands deviations | 2.2 | |
| Short bands period | 14 | Period or timeframe used by the calculation |
| Short bands deviations | 3.2 | |
| Max draw bars | 5000 | |
| Cci period1 | 14 | Number of bars in the calculation |
| Cci period2 | 100 | Number of bars in the calculation |
| Num count bar of220 to64 | 10000 | |
| Num bigger | 220 | |
| Num smaller | 64 | |
| Short bands shift | 0 | Bar shift (0 = current bar) |
| Long bands shift | 0 | Bar shift (0 = current bar) |
| Periods characteristic | 100 | Number of bars in the calculation |
| Aa | **Original Band Setting** | |
| Bands period | 50 | Period or timeframe used by the calculation |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Bands deviations | 1.25 | |
| Bb | **MA of Band_Lines** | |
| Band ma period | 20 | Period or timeframe used by the calculation |
| Ratio envelopes | 0.1 | |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma start | 500 | |
| Mid band visible | false |
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: Buy/Sell Arrows · Moving Average · CCI · MT4 Indicator · MQL4 Source Code