The indicator is based exclusively on Price Action, it tracks the opening and closing prices of all 28 major currency pairs and calculates the volatility in real time based on the analysis of all ticks.

It only works with the original price data, and not the data of other indicators, it does not use a complex formula and algorithms for calculating volatility.

In this version, the volatility is displayed for all 28 pairs

When the traffic light shows green, you should buy the currency, and when it turns red, you should sell. All you need is to match green and red.

For example, for EURUSD, if the volatility of the base currency (EUR) is equal to the value specified in the ‘bullishVolatilityThreshold’ parameter and the volatility of the quoted currency (USD) is equal to the value of the ‘bearishVolatilityThreshold’ parameter, place an order to buy EURUSD. Default parameter values: ‘bullishVolatilityThreshold’ = 100, ‘bearishVolatilityThreshold’ = -100.

These values mean that EUR is bought for all 7 EUR pairs (EURUSD, EURGBP, EURJPY, EURCHF, EURCAD, EURAUD, EURNZD) and USD is sold for all 7 USD pairs (USDCHF, GBPUSD, USDJPY, NZDUSD, AUDUSD, EURUSD, USDCAD).

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You can also set up an alert for these events.

Make sure that you are displaying the Market Overview (in the View menu, select “Market Overview” or use the keyboard shortcut Ctrl M).

Make sure that all FOREX symbols are present in the Market Overview window (right-click on any symbol in the Market Overview, select “Sets” and click “forexall”).

Open the EURUSD chart (right-click on the EURUSD symbol in the “Market Overview” window and select “Chart Window”).

Make sure that the chart is open on the most recent bar (click “Chart Shift” on the Charts toolbar).

Drag the indicator from the navigator to the EURUSD chart and adjust the input parameters as you wish.

It is recommended to place the indicator on the EURUSD chart, as it contains the largest number of ticks.

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