Forex Volatility Pivot Line Indicator
Forex Volatility Pivot Line Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is market volatility and pivot points (daily or weekly support / resistance levels). Its source code uses ATR. It has 5 settings, for example atr range (default 100), ima range (default 10) and atr factor (default 3). 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 Volatility Pivot Line Indicator
Forex Volatility Pivot Line Indicator is an indicator for MetaTrader 4 based on ATR. It has 5 settings, such as Atr range, Ima range and Atr factor. MQL source code included.
Files in the download: installation manual.txt, Volatility_Pivot.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Atr range | 100 | |
| Ima range | 10 | |
| Atr factor | 3 | |
| Mode | 0 | |
| Delta price | 30 |
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: Pivot Points · ATR · MT4 Indicator · MQL4 Source Code