Filter for too high volatility

• 11/01/2021 at 7:45 AM #180718
  phoentzs

  I’m not sure yet whether it makes sense …

  is there a filter / indicator that keeps my bot out of the market if it is too volatile? For example, when news triggers high price fluctuations in both directions. Can you filter that in order to stay away from the market, i.e. not trigger a trade?

  

  phoentzs

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  11/01/2021 at 8:46 AM #180720
  robertogozzi

  You could make that filter yourself. Say some news make a spike, you can decide not to open a trade, no matter if your conditions are met, if the candle ‘s range is N times its average range over the last P periods.

  Or if the high is greater than the previous bar by X%.

  

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  11/01/2021 at 8:54 AM #180721
  phoentzs

  Could you please provide me with the code?

  

  phoentzs

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  11/01/2021 at 10:06 AM #180732
  robertogozzi

  There you go:

  AvgRange = average[20,0](range) TradeOFF = range > (AvgRange * 2) //no trading if the current range > twice its average // or TradeOFF = ((1 - (high - high[1])) * 100) > 60 //no trading if high exceeded the previous high by 60%

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  AvgRange = average[20,0](range) TradeOFF  = range > (AvgRange * 2) //no trading if the current range > twice its average   // or   TradeOFF = ((1 - (high - high[1])) * 100) > 60 //no trading if high exceeded the previous high by 60%

  then use TradeOFF to not enter a trade.

   

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  phoentzs

  

  robertogozzi

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  11/02/2021 at 8:33 PM #180817
  JS

  Hi @phoentzs

  You can also use the above with the volatility:

  xVolatility = Std[n](Close)

  or percentage

  xPVolatility = (Std[n](Close) / Close) * 100

  when the volatility is higher than x%, ensure that no trades are executed or close current trades.

  

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  11/02/2021 at 8:36 PM #180818
  phoentzs

  Thank you. 👍🏼

  

  phoentzs

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