MRO 2 is a client side VTL indicator. It is based on the relationship between the average range of last 7 bars and the close to close range of last 4 bars. MRO indicator value is calculated as the price movement in last four candles relative to average range of the last 7 candles. Thus MRO 2 indicator represents the recent price volatility, it is responsive to quick changes in volatility. Sudden changes in volatility indicates change in the prevailing market sentiments. Sharp rise in the indicator value shows these sudden changes in volatility. This information can be adapted to trading strategies.