PJ Sutgerlands "Vix" – Need help

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  • 06/07/2019 at 1:54 PM #100117 quote
    jebus89
    Participant
    Master

    Hi, wondering if someone can help me with this indicator. Explained like this:

    “i take a moving average of the 1 day true range divided by the close and i just average that over 20 days”

     

    Not sure i udnerstand what he means, anyone know?

    06/07/2019 at 3:06 PM #100118 quote
    robertogozzi
    Moderator
    Master

    I think this may be the formula:

    x = (averagetruerange[1]/close)  //maybe this should also be averaged? by how many periods?
y = average[20](x)
return y

    If you search VIX you’ll find some topics.

    x-2.jpg x-2.jpg
    06/11/2019 at 11:42 AM #100422 quote
    jebus89
    Participant
    Master

    Seems good Roberto, much Thanks.

     

    Ive gotten som very interesting results using this, adding a moving average on the indicator as use it as a filter. Also checking it in other higher timeframes.

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PJ Sutgerlands "Vix" – Need help


ProBuilder: Indicators & Custom Tools

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jebus89 @jebus89 Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by jebus89
6 years, 8 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 06/07/2019
Status: Active
Attachments: 1 files
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