Judging by the code of indicator, it calculates the difference between the maximum maximums and minimum minimums of prices of the candlesticks for the last 20 bars (parameter).
The result is displayed in points.
Input Parameters:
extern int N=20; // period of the channel
Volatility indicator
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gazza101 wrote:
It is in Russian and your computer don't understand it. Scriptor usually does an english version, guess not this time.
Ok, the attached indicator file was renamed. Sorry.
Indicator
Principles of Time Transformation in Intraday Trading
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