Directional Volatility

Directional Volatility

Directional Volatility indicator. The indicator displays two volatility lines – bullish and bearish ones.

It has two configurable parameters:

  • Period – calculation period
  • Deviation – deviation

It is calculated with the standard deviation from a mean of the last X Period, made of distance between the last Close with the High/Low depending of the direction (short or long curves).

Converted from a mq5 indicator by a request in the English forum.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Bard • 292 days ago #

    Thanks for this great addition. How would you “finish the syntax” if you were to use an ALMA moving average? Tried adding the ALMA code and Calling it. Please see code where I have used “///////////” for syntax issue. Thanks,

  2. Bard • 292 days ago #

    Problems with Safari latest s/ware and this site and links and adding code.
    Let me add the code here:
    https://www.dropbox.com/s/6w4266gmwlaszf9/DirectionalVolatilityALMA.rtf?dl=0

  3. grimweasel47 • 5 hours ago #

    Ok thanks Nicolas – could this be adapted to take into account MFI and then have price, volume and vola bands around the current price bars on the chart at all?

    • Nicolas • 1 min ago #

      I don’t understand what you mean exactly, would be better to open a topic about this idea with a complete explanation; so I would be able to help much better.

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