Chaikin Volatility (CHV) Metatrader 5 Forex Indicator

The Chaikin Volatility (CHV) Metatrader 5 forex indicator is used to calculate the spread between the maximum and minimum prices.

The indicator does not take into account gaps that are present within price actions.

It gauges the value of volatility based on the distance between the maximum and minimum prices.

The idea behind the Chaikin volatility indicator is simple, a sharp or sudden growth in volume is a signal showing price reaching their minimum (just like when a currency pair is sold in panic), while a sharp or sudden dip in volatility signals price attaining its peak (just as seen in most bull markets).

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Example Chart

The EUR/USD H1 chart below displays the Chaikin Volatility (CHV) Metatrader 5 forex indicator in action.