Indicator formula as found on the internet, just in case someone interested in, description below :
“Volatility channels (or bands) move with the stock, quickly adjusting to price movements. When a security trends outside the volatility channel, it adds strength to a high probability long trade . Look out for a stock to “trend” outside these bands to catch the momentum. When the swing increases, the bands respond by opening up.”
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//parameter : // Vc = 10 Up = Highest[Vc]((((High+Low+Close)/3)*2)-High) Lo = Lowest[Vc]((((High+Low+Close)/3)*2)-Low) RETURN Up as "upper channel", Lo as "lower channel" |
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Hi Nicolas. Thank you for your excellent work. I am new to the platform. I have just imported the “william-volatility-channels.itf ” but I am unable to add it to the price pannel. It gets added to the bottom of the chart by default. Please help .