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Semaphore Signals Based on the VolatilityQuality Indicator

Article MQL5 code base

Summary

This document describes a semaphore-style trading indicator built from the VolatilityQuality indicator algorithm. It identifies the indicator’s general basis and notes that it relies on classes from a smoothing library, which must be available in the platform’s include directory. The referenced companion article explains the library’s averaging methods for intermediate calculations without extra buffers.

The document offers no entry or exit rules, parameter settings, performance results, or explanation of how the semaphore marks are produced. It therefore provides only a high-level description of the tool, rather than a complete trading method. Traders would need the indicator implementation and further testing to determine how its signals behave across instruments and market conditions. The page also gives no evidence that the signals predict future price movements or account for transaction costs and risk.

Key ideas

  • The indicator generates semaphore-style signals using an algorithm based on VolatilityQuality.
  • It depends on smoothing library classes that need to be installed in the platform’s include directory.
  • The page refers readers to a separate explanation of the smoothing methods used for intermediate calculations.
  • No signal rules, performance evidence, or risk controls are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.