Notis volatility trading indicator for MetaTrader 5
Notis Trade Indicator measures volatility market based on the difference between the intraday high (High) and low (Low).
The Notis indicator has two modes of operation:
- Non-accumulative mode (default)
In this mode, the indicator displays two lines: Plus and Minus. The difference between the lines indicates the magnitude of market volatility - volatility is high when the difference between the Plus and Minus lines is large, and volatility is low when the difference is small. Intersections - the direction of movement.
- Accumulation mode
In this mode the indicator behaves as a normal oscillator with one line. In this mode it is possible to invert the indicator chart.
The indicator has four configurable parameters:
- Period - calculation period;
- Method - method of smoothing;
- Cumulative mode - cumulative mode (Yes/No switch);
- Inverse in cumulative mode - inverts the indicator chart in cumulative mode (switch Yes/No).
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