Volatility Explosive Measure for ProRealTime

Measures the volatility range of current price range, can help detect squeezes as well explosive moves (description from original author: ricardo santos)

//PRC_VolatilityExplosiveMeasure | indicator
//14.03.2022
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted from pinescript

bulloutput = 0
bearoutput = 0
irange = close - open
doji = irange = 0
upbar = irange > 0 or doji and irange[1] > 0
bullcounter = barssince(not upbar)
if (upbar) then
for i = 0 to max(0, bullcounter - 1)
bulloutput = bulloutput + irange[i]
next
endif

dnbar = irange < 0 or doji and irange[1] < 0
bearcounter = barssince(not dnbar)
if (dnbar) then
for i = 0 to max(0, bearcounter - 1)
bearoutput = bearoutput + irange[i]
next
endif

length = 10
bullma = average[length,1](bulloutput)
bearma = average[length,1](bearoutput)
width = bullma - bearma

return width

Download

Filename: PRC_VolatilityExplosiveMeasure.itf

Downloads: 214

Comments

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Bateson

4 years ago

Bonjour. Merci beaucoup ! J'ai installé l'indicateur sur PRT 11 mais pour des raisons qui m'échappent il trace l'indicateur à l'intérieur même du graphique du prix, sous celui ci et non dans un rectangle séparé sous le graphique du prix. Ca le rend du coup inutilisable puisque je ne peux que conserver le prix ou l'indicateur mais pas visionner les 2 en même temps. Pouvez-vous m'aider ?

Keyeming

4 years ago

Thanks, but yes same question as above, some explanations on how to read it would be appreciated.

SnorreDK

4 years ago

Works extremely well - How? How do u implement this in a startegy? Breakoutstrategy?

Nicolas

5 years ago

Works extremely well in current market.

denmar

5 years ago

Hi, does this only work for v11 as I get an error on line 12, character 24 in v10.3 - thanks

Nicolas

5 years ago

yes, because BARSSINCE is a new instruction only available in prorealtime version 11.