The Volatility Proper Index indicator displays the volatility index of a trading symbol in a separate window.
To calculate volatility, the calculation of price deviations from the moving average is used.
Indicator parameters:
Period - the number of recent bars for which the volatility index is calculated.
MinThreshold - the minimum price deviation from the moving average, at which this deviation is taken into account in the calculations.
AveragePeriod - moving average period, default = 30 last bars.
AverageMethod - moving average calculation method, default = MODE_SMA (simple moving average).
AverageAppliedPrice - moving average price type, default = PRICE_CLOSE (by closing price).
This indicator is intended for building a trading system based on increased market volatility.
