Original Author: Eva Ruft
The Heiken Ashi Smoothed VolatilityStep indicator is a straightforward tool designed to measure the rounded volatility of financial assets. This indicator computes volatility in points, based on the highest and lowest prices of smoothed Heiken Ashi candlesticks.
To calculate volatility, we take the difference between the High and Low of the Heiken Ashi Smoothed candlesticks. The resulting value is then converted into points and rounded according to the grid step defined by the StartLevel and LevelsStep input parameters.
//+----------------------------------------------+//| INDICATOR INPUT PARAMETERS |//+----------------------------------------------+input Smooth_Method HMA_Method=MODE_JJMA; // Smoothing methodinputuint HLength=5; // Smoothing depth inputint HPhase=100 // Smoothing parameter,//---- for JJMA within the range of -100 ... +100, it influences the quality of the transition process;//---- for VIDIA it is a CMO period, for AMA it is a slow average periodinputint Shift=0 // horizontal indicator shift in barsinputuint LevelsTotal=20 // number of levelsinputuint StartLevel=100 // initial levelinputuint LevelsStep=100 // distance between levelsinputcolor LevelsColor=clrDarkOrange; // color of levels
This indicator utilizes the SmoothAlgorithms.mqh library classes, which you can find by copying it to your terminal data folder at MQL5\Include. For a detailed explanation of how to use these classes, check out the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Fig.1. Volatility2Step indicator
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