If you're looking to enhance your trading strategy, the Exponential Range Average & Deviation Offset indicator for MetaTrader 5 is a tool you won't want to miss. This handy indicator calculates and plots the exponential moving average of the true range, along with an offset of the exponential moving average of its deviation. It's a powerful way to gauge market volatility and make informed trading decisions.
This code is compatible with both MQL4 and MQL5, thanks to its use of conditional compilation. So no matter which version of MetaTrader you’re using, you can take advantage of this indicator.
For those interested in diving deeper, all my source code publications are also available under the name “FMIC” in the Public Projects tab of MetaEditor. This makes it easy for you to access and implement the tools you need for your trading arsenal.
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