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Chaikin Volatility Forex Indicator For MT5

    The Chaikin Volatility Forex indicator for Metatrader 5 measures market volatility by employing the Chaikin calculation method.

    The indicator is shown in a separate chart window as a blue colored line displaying Caikin volatility.

    How to interpret this technical market volatility tool?

    A significant increase in volatility suggests a potential signal for a bullish or bearish trend reversal or a breakout from a period of sideways movement.

    Trading tips:

    • It is not advisable to rely solely on the Chaikin volatility indicator and use it in conjunction with other technical indicators.
    • It is recommended to combine it with a solid trading strategy or system.

    The indicator contains the following inputs and parameters: smoothing period, CHV period, and smoothing method.

    Make yourself familiar with this technical indicator and test it first on a demo account before applying it to a live account.

    It supports all time frames and Forex pairs.

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    chv.mq5 Indicator (MT5)

    Chart Example

    The picture below shows how the Chaikin Volatility Forex indicator looks like when applied to the MT5 chart.

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    chv.mq5 Indicator (MT5)

    Frequently Asked Questions

    How Do I Install This Custom Indicator On Metatrader 5?

    • Open the MT5 trading platform
    • Click on the File menu button located at the top left part of the platform
    • Click on Open Data Folder > MQL5 folder > Indicators
    • Copy the chv.mq5 indicator file in the Indicators folder
    • Close and restart the trading platform
    • You will find the indicator here (Navigator window > Indicators)
    • Drag the indicator to the chart to get started with it!

    How Do I Edit This Indicator?

    • Click in the open chart with your right mouse button
    • In the dropdown menu, click on Indicator List
    • Select the indicator and click on properties
    • Now you can edit the inputs, colors, levels, scale and visualization
    • Finally click the OK button to save the new configuration
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