Mastering Market Volatility with the Flat Indicator for MetaTrader 5

Meet the Creator:

Pedro Puado

The Flat Indicator is a handy tool for gauging market volatility. When the market is on a roll, you'll see vibrant red dots indicating strong trends, while gray dots point to weaker trends. Moderate trends are highlighted in blue.

Key Settings for the Indicator:

//+----------------------------------------------+
//| Flat Indicator Input Parameters               |
//+----------------------------------------------+
input uint Smooth=10; // Smoothing period
input ENUM_MA_METHOD ma_method=MODE_SMA; // Type of smoothing
input ENUM_APPLIED_PRICE applied_price=PRICE_CLOSE; // Price type
input uint HLRef=100;
input int Shift=0; // Horizontal shift of the indicator in bars
input uint ExtraHighLevel=60; // The level of the strongest trend
input uint HighLevel=40; // The level of a strong trend
input uint LowLevel=20; // The level of a weak trend
input ENUM_LINE_STYLE LevelStyle=STYLE_DASHDOTDOT; // Style of level lines
input color LevelColor=clrBlue; // Color of the levels
input ENUM_WIDTH LevelWidth=w_1; // Width of the levels

This indicator was originally crafted in MQL4 and made its debut on the Code Base at mql4.com back on November 1, 2007.

Figure 1. The Flat indicator

Mastering Market Volatility with the Flat Indicator for MetaTrader 5

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