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Using Higher-Time-Frame Highs and Lows to Estimate Volatility

Article MQL5 code base
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Summary

The document describes a chart indicator that displays the high and low for a selected time frame on the current chart. Users can limit how many earlier higher-time-frame values remain visible, which helps reduce chart clutter while retaining recent reference levels. The stated application is estimating expected volatility from the displayed range.

No calculation details, trading rules, test results, or asset-specific guidance are provided. The indicator marks prior range boundaries; the document does not explain how to translate those levels into a volatility forecast or entries and exits. Its usefulness therefore depends on the chosen time frame and on how the trader interprets the range, and the description should be treated as a basic visualization concept rather than evidence of predictive performance.

Key ideas

  • The indicator plots the high and low for a selected time frame on the current chart.
  • The number of prior higher-time-frame ranges shown can be limited to reduce clutter.
  • The displayed range is proposed as a way to estimate expected volatility.
  • The document provides no validation or rules for turning the levels into trades.

Tags

Technical indicatorsVolatility

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