Volatility Breakout Indicator

• 08/27/2021 at 9:28 AM #176350
  phanz

  https://www.prorealcode.com/prorealtime-indicators/volatility-breakout-indicator/

  There is not much documentation on the usage of this indicator.  I am wondering how would one harness this indicator as entry and exit?

  It looks like its kind of a breakout strategy, as for long position, one will enter upon the breakout of its upper channel, and exit either price cross under the upper channel again(?), or maybe cross under the lower channel(?).  What was the original usage of this indicator? Is it cross over of the upper or bottom channel?  Or maybe another way of using it?

  More insights into this indicator will be greatly appreciated.  Thanks.

  

  phanz

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  08/31/2021 at 5:01 PM #176546
  phanz

  Hi guys, seems like this indicator is not very popular?  I am struggling to find more documentation on this also.  Can anyone pls give some insights on how to use this indicator pls?  Has anyone found success in using this for their algo?

  Tks

  

  phanz

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  09/01/2021 at 9:19 AM #176571
  Nicolas

  When the volatility measured by this indicator: https://www.prorealcode.com/prorealtime-indicators/volatility-cycle/  is low (means = -1)

  and

  • if the percentage of price between last high fractal and close is superior to “change”, then the upper channel is equal to last highest high
  • if the percentage of price between last low fractal and close is superior to “change”, then the lower channel is equal to last lowest low

  so it gives levels of possible breakout

  1 user thanked author for this post.

  phanz

  

  Nicolas

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