Omega Volatility Squeeze Indicator MT5
Omega Volatility Squeeze Indicator measures expected price movement, daily range, volatility regimes, and realistic take profit levels using statistical forecasting.
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Quick Overview
Omega Volatility Squeeze is an MT5 indicator that answers one question most tools ignore: how far can price realistically move from here? It forecasts the daily Expected Move with a GARCH model, tracks how much of the Average Daily Range is already used, classifies volatility as LOW, NORMAL or HIGH, and shows the probability of your Take Profit being touched. It does not open trades; it adds volatility context to the strategy you already use.
Best For
✅ Intraday and swing traders who want realistic targets instead of fixed pip distances.
✅ Breakout traders looking for compressed, low-volatility conditions.
✅ Gold, index, Forex and crypto traders working with changing volatility.
✅ Traders who want alerts on volatility events without watching the chart.
What is Omega Volatility Squeeze Indicator?
Omega Volatility Squeeze is a volatility-analysis indicator developed by EA FX Store for MetaTrader 5. It builds a statistical model from daily price data and turns it into chart levels, a dashboard and plain-language market context. It works on any chart timeframe, while the model itself is calculated from D1 data.
Key Features of Omega Volatility Squeeze
Expected Move levels
The indicator draws today’s ±1σ Expected Move as a shaded box and ±2σ as dotted levels around the daily open, plus a weekly ±1σ projection. Past days are shown as green boxes when price closed inside the range and red when it closed outside.
ADR room
ADR High and ADR Low lines show how much of the typical daily range is used and how much room is left in each direction. An alert fires when today’s range reaches 100% of ADR.
Volatility regime and squeeze detection
Realised volatility over 5, 10, 20 and 60 days is ranked against the past 250 days. Below the 25th percentile the market is LOW (a potential squeeze); above the 75th it is HIGH. The indicator also shows how often each regime was historically followed by range expansion or contraction.
Vol Score
A single 0–100 reading combines the regime, the historical expansion odds and the remaining ADR room. 60 or above reads EXPANSION, 40 or below CONTRACTION, and anything between BALANCED.
TP Reality Check
Drag the gold TP line to any price. The dashboard updates the probability of that level being touched today and within the next N bars, along with its distance in ATR.
Alerts
Pop-up, sound, mobile push and Telegram alerts cover Expected Move touches, ADR exhaustion and regime changes.
How It Works
🔹 Forecast: a GARCH(1,1) model (or EWMA with a 0.94 decay factor) estimates today’s volatility from up to 600 daily bars.
🔹 Project: the forecast is converted into Expected Move levels around the daily and weekly open.
🔹 Measure: today’s movement is compared with the 14-day ADR to show used and remaining range.
🔹 Classify: current realised volatility is ranked against its history to set the regime.
🔹 Score: regime, expansion odds and ADR room are combined into the Vol Score and context messages on the dashboard.
Omega Volatility Squeeze Indicator MT5 Review
Omega Volatility Squeeze Indicators Review
How to Trade with Omega Volatility Squeeze
The example below shows how the indicator’s own readings can frame a breakout trade. It is a starting point to test on demo, not a complete system.
BUY setup
🔹 Step 1: Regime shows LOW, or Vol Score is 60 or higher (EXPANSION).
🔹 Step 2: ADR used is still below roughly 50%, so the day has room to move.
🔹 Step 3: Price breaks and closes above the +1σ Expected Move level on your entry timeframe.
🔹 Take Profit: Drag the TP line to the +2σ level or ADR High and check the touch probability before entering.
🔹 Stop Loss: Place it back inside the ±1σ box, below the breakout candle or the daily open.
SELL setup
🔹 Step 1: Regime shows LOW, or Vol Score is 60 or higher (EXPANSION).
🔹 Step 2: ADR used is still below roughly 50%.
🔹 Step 3: Price breaks and closes below the −1σ Expected Move level.
🔹 Take Profit: Drag the TP line to the −2σ level or ADR Low and check the touch probability.
🔹 Stop Loss: Place it back inside the ±1σ box, above the breakout candle or the daily open.
Skip the trade when ADR is already 90–100% used or the Vol Score reads CONTRACTION: the statistics say the day’s move is probably done.
Omega Volatility Squeeze MT5 Review
Omega Volatility Squeeze Indicator Review
What Makes It Different
🔹 Capacity, not direction: most indicators guess where price goes; this one estimates how far it can go.
🔹 Several volatility views in one panel: Expected Move, ADR, regime, Vol Score and TP probability without stacking five indicators.
🔹 Checked against history: each symbol’s past Expected Move hit rates are shown, so you see how the model behaved on that market, not only in theory.
🔹 Fits any strategy: use it with price action, supply and demand, trend or breakout entries.
Recommended Conditions
| Trading style | Timeframe | Focus |
|---|---|---|
| Intraday (main use) | M5–H1 | Expected Move, ADR and regime |
| Scalping | M1–M5 | TP probability and ADR room |
| Swing | H4–D1 | Weekly Expected Move and regime |
Platform: MetaTrader 5. Markets: Forex, Gold, indices, crypto and commodities with at least 60 daily bars of history. For Gold and indices, consider lower regime thresholds because their volatility shifts quickly.
Limitations and Risk Warnings
🔹 Probabilities are estimates. A 70% touch probability still fails three times in ten.
🔹 Not a trading system. It does not give entries or manage trades; you still need an entry method and risk rules.
🔹 Small samples mislead. Expansion and contraction odds built from few historical cases are less reliable.
🔹 Regimes change. News, liquidity shocks and structural shifts can push price far outside the model’s range.
🔹 Server time matters. Daily levels depend on the broker’s day start; set Session Start Hour if it differs from yours.
Who Should Use It?
🔹 Intraday traders: who need realistic daily targets based on how far price usually moves.
🔹 Breakout traders: who want to spot quiet, compressed markets before a bigger move.
🔹 Gold and index traders: who deal with fast changes in volatility.
🔹 Price-action and system traders: who want a volatility filter next to their existing entry method.
🔹 Not the right tool if: you are looking for a standalone BUY/SELL signal.
Download Package
The download package of the product suite includes:
✅ Indicator: OmegaVolatilitySqueeze_v1.0_EN.ex5
✅ Omega_Volatility_Squeeze_Inputs_Guide.pdf
✅ Omega_Volatility_Squeeze_Product_Guide.pdf
➡️ Reviewed by David Easton
Final Verdict
Omega Volatility Squeeze turns volatility statistics into decisions you can act on: where today’s move is likely to end, how much room is left and whether your target is realistic. Its strength is context, not signals, so it works best as a filter and target-planning tool next to your existing strategy.
Ready to plan smarter targets? Pick your licence above, and join our Telegram channel for setup help and updates. Explore more volume and volatility tools for MT5.
Omega Volatility Squeeze MT5 – Inputs Guide
The defaults work for most markets. The settings you are most likely to change are the licence key, Session Start Hour, the regime thresholds and the alert channels.
Omega Volatility Squeeze Indicator MT5 Settings Panel
Installation
🔹 Step 1: In MT5 open File > Open Data Folder and copy the .ex5 file into MQL5/Indicators. Refresh the Navigator or restart MT5.
🔹 Step 2: Enable Tools > Options > Expert Advisors > Allow DLL imports (needed for the licence check, Telegram alerts and the WEB/TELEGRAM buttons).
🔹 Step 3: Make sure the symbol has at least 60 D1 bars; open a D1 chart once if history is missing.
🔹 Step 4: Drag the indicator onto the chart, enter your licence key and press OK.
🔹 Step 5: If the licence check fails, the reason appears in the top-left chart comment and the Experts tab.
General & Licence
| Input | Default | What it does |
|---|---|---|
| MaxBarsCalc | 3000 | Chart bars processed on load (0 = all). Affects ATR and event scanning, not the daily model. 1500–3000 is enough. |
| InpLicenseKey | empty | Your licence key from eafxstore.com. Bound to your trading account, re-checked every 30 minutes, with an offline grace period. The indicator will not start without it. |
| Lang | LANG_EN | Display language. This build is English only. |
Daily Data
| Input | Default | What it does |
|---|---|---|
| DailyBars | 400 | D1 bars used for the GARCH model, cone and statistics (min 60, max 600). 400–500 gives stable results. |
| SessionStartHour | 0 | Server hour when the trading day starts. Keep 0 to use the broker’s D1 bars; change it to start daily levels from another session. |
| AdrLen | 14 | Days averaged for ADR. 5–10 reacts faster, 20 is smoother. |
| AtrLen | 14 | ATR period on the chart timeframe, used to show TP distance in ATR. |
GARCH & Volatility Cone
| Input | Default | What it does |
|---|---|---|
| UseGarch | true | GARCH(1,1) volatility forecast. false switches to EWMA (decay 0.94). |
| ConeLookback | 250 | Days used to rank 5/10/20/60-day realised volatility and build expansion and hit-rate statistics. Keep DailyBars above ConeLookback + 60. |
| LowVolPct | 25 | RV20 percentile below which the regime is LOW (possible squeeze). |
| HighVolPct | 75 | RV20 percentile above which the regime is HIGH. |
| ExpRangeX | 1.5 | An expansion counts when the next 5-day range reaches this multiple of ADR. Higher = stricter, rarer expansions. |
Expected Move
| Input | Default | What it does |
|---|---|---|
| ShowDailyEM | true | Draws today’s ±1σ box, ±2σ dotted levels, price labels and the open line. |
| ShowWeeklyEM | true | Draws weekly ±1σ lines from the weekly open. |
| PastDays | 5 | Past ±1σ boxes shown: green = closed inside, red = closed outside. 0 hides them. |
| ShowAdrLines | true | ADR High (today’s low + ADR) and ADR Low (today’s high − ADR). |
TP Reality Check
| Input | Default | What it does |
|---|---|---|
| ShowTpLine | true | Draggable TP line; probabilities update as you move it. The position is saved per chart and the line is recreated if deleted. |
| TpBars | 12 | Horizon for the P(N bars) probability: 12 bars on M15 = 3 hours, on H1 = 12 hours. Capped at 5 days. |
| TpColor | clrGold | Colour of the TP line and label. |
Interface & Dashboard
| Input | Default | What it does |
|---|---|---|
| Theme | THEME_DARK | Chart theme: NONE, DARK, MIDNIGHT or LIGHT. Also switches to candlesticks and hides period separators. |
| RestoreTheme | true | Restores original chart colours when the indicator is removed. |
| LabelFont | 8 | Font size of on-chart labels. |
| ShowDash | true | Shows the dashboard. |
| DashRight | false | false anchors the panel left, true right. |
| DashX / DashY | 10 / 28 | Panel offset in pixels. |
| DashScale | 1.5 | Preferred size; shrinks automatically to fit the chart and stay under about 45% of its width. |
| DashFontAdj | 1.0 | Text size inside the panel (0.8–1.3); useful on high-DPI screens. |
| DashMinScale | 1.0 | Smallest preferred scale before auto-fit (never below 0.55). |
The dashboard can also be dragged by its header; the custom position is remembered per chart and overrides DashRight, DashX and DashY.
Alerts
| Input | Default | What it does |
|---|---|---|
| AlertPopup | true | MT5 pop-up alert. |
| AlertPush | false | Push to the MT5 mobile app (set your MetaQuotes ID in Tools > Options > Notifications first). |
| AlertSoundOn | false | Plays a sound on alerts. |
| AlertSoundFile | alert.wav | Sound file in the terminal’s Sounds folder. |
| AlertEM | true | A closed bar touches ±1σ or ±2σ; once per level per day, with the historical touch rate in the message. |
| AlertADR | true | Today’s range reaches 100% of ADR; once per day. |
| AlertRegime | true | Regime changes between LOW, NORMAL and HIGH; checked on each new D1 bar. |
Telegram Alerts
| Input | Default | What it does |
|---|---|---|
| TgEnable | false | Sends alerts to Telegram too. Requires DLL imports; adds a TEST TG button to the dashboard. |
| TgToken | empty | Bot token from @BotFather. Keep it private. |
| TgChatID | empty | Destination user, group (usually a negative ID) or channel. |
Setup:
🔹 Step 1: Create a bot with @BotFather and copy the token.
🔹 Step 2: Start a chat with the bot, or add it to your group.
🔹 Step 3: Get the chat ID, for example with @userinfobot.
🔹 Step 4: Enter TgToken and TgChatID, then set TgEnable = true.
🔹 Step 5: Press TEST TG on the dashboard. If sending fails, the reason appears in the Experts tab.
User Reviews
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❓ What does Omega Volatility Squeeze Indicator do?
Omega Volatility Squeeze Indicator measures market volatility, projects the expected daily and weekly move, tracks how much of the Average Daily Range has already been used, and estimates whether a take-profit target is realistic.
❓ How does Omega Volatility Squeeze Indicator forecast market volatility?
Omega Volatility Squeeze Indicator uses a GARCH(1,1) model built from daily price data to forecast volatility and capture volatility clustering. When GARCH is disabled, the indicator can use an EWMA model with a 0.94 decay factor.
❓ What is the Expected Move in Omega Volatility Squeeze Indicator?
Omega Volatility Squeeze Indicator calculates daily Expected Move levels using forecast volatility and the daily opening price. It displays ±1 sigma and ±2 sigma ranges, along with a weekly Expected Move based on five trading days.
❓ How does Omega Volatility Squeeze Indicator use ADR?
Omega Volatility Squeeze Indicator calculates ADR from the average high-low range of the last 14 closed days by default. It then shows how much of today's ADR has already been consumed and estimates the remaining room upward and downward.
❓ How does Omega Volatility Squeeze Indicator detect a volatility squeeze?
Omega Volatility Squeeze Indicator compares realised volatility across multiple periods and classifies the current regime as LOW, NORMAL, or HIGH. It then calculates historical expansion or contraction probabilities to quantify whether a quiet market may be followed by increased volatility.
❓ What is the Vol Score in Omega Volatility Squeeze Indicator?
Omega Volatility Squeeze Indicator provides a Vol Score from 0–100 based on the current volatility regime, historical expansion or contraction probabilities, and the remaining ADR room. Scores of 60 or higher are labelled EXPANSION, 40 or lower CONTRACTION, and values between them are BALANCED.
❓ Can Omega Volatility Squeeze Indicator check whether a Take Profit is realistic?
Yes. Omega Volatility Squeeze Indicator provides a draggable TP line with estimated touch probabilities for the current trading day and the next configured number of chart bars, together with the TP distance in ATR.
❓ Does Omega Volatility Squeeze Indicator provide trading alerts?
Yes. Omega Volatility Squeeze Indicator supports pop-up, mobile push, sound, and Telegram alerts for Expected Move touches, ADR reaching 100%, and changes in the volatility regime.
❓ What markets and timeframes does Omega Volatility Squeeze Indicator support?
Omega Volatility Squeeze Indicator works on Forex, metals, indices, crypto, and commodities with daily history. It can be attached to any chart timeframe, while its volatility model is built from D1 data.
❓ Does Omega Volatility Squeeze Indicator place or manage trades automatically?
No. Omega Volatility Squeeze Indicator is a decision-support tool and does not open or manage trades. It is designed to work alongside an existing trading strategy by providing volatility, Expected Move, ADR, probability, and target information.
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