The Volatility Ratio 2 Indicator is a popular and useful forex indicator for MT5 that is available for free. This indicator helps traders gauge the degree of price volatility in the market by comparing the current price range to a historical price range. The way it works is by calculating the ratio of the true range of prices over a certain period of time, typically 14 periods, to the exponential moving average of the true range over the same period. This ratio can then be used to determine whether the market is experiencing high or low volatility, which can help traders make informed decisions about their trading strategy. Traders can use the Volatility Ratio 2 Indicator to identify potential trend reversals, confirm breakouts, or determine the best times to enter or exit trades. Overall, this indicator is a valuable tool for forex traders looking to navigate the market with more confidence.