P and T Volatility

P and T Volatility

This indicator gives an indication of recent market volatility based on the number of peaks and troughs in the p look back period.

A trough or a peak can be classified by the number of bars before and after a high or low that have lower highs (for a peak) or higher lows (for a trough). Change the ‘BarsBefore’ and ‘BarsAfter’ variables to select what type of peaks and troughs you are testing for. Some people call these fractals and others pivot points and others support and resistance but I am choosing to call them peaks and troughs!

The number of peaks and troughs in the look back period are counted and returned as a weighted average line chart centred around zero. The zero line represents the all time average of peaks and troughs for the period p.

Change the look back period length by changing the value ‘p’.

The green line represents peaks (P volatility) in the look back period and the red line represents troughs (T volatility) in the look back period. The blue line is peaks and troughs (P and T volatility) combined.

Low values show that there has not been a lot of peaks or troughs recently indicating a not very volatile market.

High values show that there has been a lot of peaks or troughs recently indicating a very volatile market.

Low and High volatility readings can sometimes indicate a market that is about to change or choose a direction.

If a market has been trending then we might see the P and T volatility dropping off as the market makes less and less peaks and troughs as it heads off in whichever direction it has chosen.

If the P value is high and the T value low then it might be that the market has recently been hitting upward resistance but little downward support.

How you finally analyse the indicators output is up to you!

I advise downloading and importing the ITF file to get full functionality.

Share this

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?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Matriciel • 144 days ago #

    Well done Vonasi !
    You have a lot of ideas.
    Personally, I work with Moving Averages only. Whether in a bounded indicator or not.

  2. Bard • 103 days ago #

    Very interesting approach Vonasi! I’m getting a 404 error when trying to download though?

  3. Vonasi • 103 days ago #

    I just tested and I was able to download with no error.

  4. Psari • 7 days ago #

    Hi Vonasi,
    I am a newbie and was wondering whether you could possibly help me with this problem:
    I would like to make an indicator with 3 Williams %R with 3 different periods and on each a Weighted Moving Average. I don’t manage to do this and would greatly appreiate your help.

avatar
Register or

Likes

avatar avatar avatar avatar avatar
Related users ' posts
Vonasi Sure that is possible. I will code it and make a post in the English ProBuilder forum and pu...
Vonasi Vama v2 with Hull moving average included can be found here: https://www.prorealcode.com/top...
JMat45 Thank you, Vonasi.
Bard Hi Nicolas, thanks a lot for coding this interesting looking indicator. I read: https://...
Bard I've also just noticed that changing the "Bands Deviation" setting from 1.25 to eg 3 doesn't...
Vonasi Change line 76 to if opendayofweek opendayofweek[1] and opendayofweek 0 then if ...
Vonasi I just noticed that the above post makes no sense as the symbols have been removed. Here in ...
jandehaas Hello Vonasi, I tried it but it does not seem to work,any idea why ? Thanks,Jan defp...
matthieuatd Hello is it possible to add the m15? Thank you
Vonasi It is possible but I will need to reread the code and remind myself how it works as I coded ...
dario ti Thank you!
Razz Hello Vonasi super indicator! is it possible to extend the indicator by the time scales M10 ...
Razz Hello Vonasi I found out myself how I can change it. Thanks again for the indicator
Balmora74 Thanks for this code but there is 4 different versions and i don't know wich is the good one ?
Vonasi I don't understand. There is only one ITF file here not four. Download and import it. You mi...
Balmora74 Ok i understand now... I make a confusion with a other code... Thanks Vonasi.
Nicolas That's not possible because the code uses ZigZag instruction from the platform which is not ...
MrMUCKIE Thanks Nicolas. Do you have any idea of how I could generate support/resistance figures for ...
Nicolas Try fractals, swing high/low points, donchian channel, ..
Nicolas No. The code delivered on our website is for ProRealTime trading platform: https://www.pror...
growland1au Hi Nicolas, I am a beginner to this and I think your Pivot reversal strategy alerts indicat...
Nicolas I can't remember, if you can't find it anywhere in forums, open a new topic if you want it t...
juanj
12 months ago
juanj I have actually completely redesigned this indicator with loads of improvements, so will res...
Vonasi There is another version of this indicator that can plot the same lines but onto an indicato...
Martin35 Hello Vonasi, do you think it is possible with PRT to code with the same principle as on thi...
abhay I am getting a shading between the lines, how can I avoid that. I just want to see lines as ...
Vonasi Delete the 'Color Zone' in the indicator settings window.
Steffen Schmauch hello Nicolas, can I change the indicator that I only get the time of 8-9 clock displayed? a...
bertrandpinoy je constate que de plus en + de trader utilise des zones de prix pour leur positions. elles ...
Nicolas Pas à ma connaissance, mais on pourrait le coder, merci de formuler une demande dans le forum.
s00071609 How would it be possible to call the Last Support Price and the Resistance Price from strategy?
robertogozzi Replace RETURN with RETURN SupportPrice,ResistancePrice. When you CALL they will be returne...
s00071609 Great thank you
Bard Thanks for this great addition. How would you "finish the syntax" if you were to use an ALMA...
Bard Problems with Safari latest s/ware and this site and links and adding code. Let me add the...
jissey Bonjour Bolsatrilera,j'essaie de vous contacter pour le cm rsi ;je le trouve interessant, m...
jissey J'essaie de vous contacter pour l'indicateur"cm rsi"....
Nicolas Peut-être à cause du manque d'historique. Celle-ci est utile pour limiter la quantité de ret...
s00071609 Would it be possible to use 2 or 3 points to do the calculations done in this case using zig...
Nicolas Sure, I suggest you open a new topic in the forum to discuss about your ideas.
cervantes2 Buenas tardes,me gustaria saber si tiene un proscreener de este indicador ,que busque los va...
larouedegann Bonjour Nicolas Je cherche à créer un screener avec cet indicateur lorsque un point bas app...
Nicolas Je pense qu'il existe déjà quelque part dans le forum.. il faudrait chercher. Sinon merci d...

Top