Volatility indicators help detect the statistical benefits of trading. We recommend using the volatility indicator along with your strategy, especially if you are trading with price actions and price patterns. It provides advanced volatility indicators for MetaTrader 4 and MetaTrader 5 platforms.
Fibonacci volatility indicator
The Fibonacci Volatility Indicator can visually provide market volatility to trading charts. You can use daily, weekly, monthly, and yearly volatility for trading. The most important application of this volatility indicator is to detect potential breakout areas, potential bullish inversion areas, and potential bearish inversion areas. If you want to visualize trading volatility, this is the best tool available on the market. In addition, a movable volatility indicator is available.
Harmonic volatility indicator
The Harmonic Volatility Indicator also provides market volatility visually on the trading chart. You can use this tool to visualize daily, weekly, monthly, and yearly volatility. The difference between the Harmonic Volatility Indicator and the Fibonacci Volatility Indicator is that the Harmonic Volatility Indicator can only use the Probability Configuration mode, while the Fibonacci Volatility Indicator has access to both the Probability Configuration and the Z Score Configuration. This is cheaper than the Fibonacci volatility index.
Double harmonic volatility indicator
This is the cheapest volatility indicator. This indicator is primarily focused on the movable volatility indicator. Therefore, if you only need the Movable Volatility indicator and need a more cost-effective tool, use it. However, if you need more choices for volatility visualization, use either the Harmonic Volatility Indicator or the Fibonacci Volatility Indicator.
GARCH has improved Nelder-Mead – Free Indicator
This is a free volatility indicator that implements a generalized autoregressive conditional inhomogeneous variance (GARCH) method using the Nerdermead algorithm. This is an experimental indicator for realizing the GARCH (1,1) model. Therefore, this indicator is provided free of charge. It will be interesting to see how this volatility indicator works in your trading.
Day Trading Volatility Index List-Analysis and Forecast-May 11, 2022
https://www.mql5.com/en/blogs/post/749063 Day Trading Volatility Index List-Analysis and Forecast-May 11, 2022