This indicator calculates the volatility and amplitude of the price.
Its use can be useful for three reasons
Knowing volatility
To know the amplitude of price movements
To know the relationship between the two
The most important function of this indicator is reporting.
The ratio is simply the difference between the amplitude and the volatility, if the amplitude, i.e. the average movements are smaller than the volatility, then the price is in a phase of stagnation.
This way, if you are trading multiple markets, taking the one that gives the best ratio will benefit your portfolio!
The second function that I say “useful” and not important is volatility, in fact knowing the volatility is very useful to position stop loss protection.
And finally the amplitude, which is nothing more than information.
So to put it simply, if the report is negative, not trading is the best idea!
If you are trading forex, you will need to check the external variable “Forex”.
IV
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// //=/===============/=//=/===============/=//=/ Indicator Range Trend // defparam drawonlastbaronly = true // //=/===============/=//=/===============/=//=/ Range Fast // once FxRRange=close Fxscale = 2.338*average[14,1](abs(close-close[1])) FxR = average[27,1](FxScale) FxHH = close FxLL = close if FxHH > FxRRange[1] then if (FxHH-FxR) < FxRRange[1] then FxRRange = FxRRange[1] else FxRRange = (FxHH-FxR) endif elsif (FxLL+FxR) > FxRRange[1] then FxRRange = FxRRange[1] else FxRRange = (FxLL+FxR) endif FxTrend = FxRRange FxURange = FxRRange + FxR FxDRange = FxRRange - FxR // //=/===============/=//=/===============/=//=/ Range Low // once LxRRange=close LxR = 2.338*average[14,1](abs(close-close[1])) LxHH = high LxLL = low if LxHH > LxRRange[1] then if (LxHH-LxR) < LxRRange[1] then LxRRange = LxRRange[1] else LxRRange = (LxHH-LxR) endif elsif (LxLL+LxR) > LxRRange[1] then LxRRange = LxRRange[1] else LxRRange = (LxLL+LxR) endif LxTrend = LxRRange LxURange = LxRRange + LxR LxDRange = LxRRange - LxR // //=/===============/=//=/===============/=//=/ Trend Line // //=/ Trend Line TLr = (FxTrend+LxTrend)/2 AvTrD1 = (TLr+TLr[1])/2 AvTrD2 = (AvTrD1-TLr)/15 TrDL = AvTrD1-AvTrD2 //=/ Up Range XURange = (FxURange+LxURange)/2 //=/ Dw Range XDRange = ((FxDRange+LxDRange)/2) // //=/===============/=//=/===============/=//=/ Volatility & Amplitude Settings // //=/ Decompte Haussier UAmp = 0 if close > TrDL then UAmp = UAmp[1]+1 endif //=/ Decompte Baissier DAmp = 0 if close < TrDL then DAmp = DAmp[1]+1 endif //=/ Decompte Global Amp = UAmp+DAmp if Amp < Amp[1]-1 then Amp = Amp[Amp]-Amp endif VRange = 0 if TrDL = TrDL[1] then VRange = VRange[1]+1 endif //=/ Decompte Amplitude OAmp = (Amp-VRange)-VRange if OAmp < 0 then OAmp = 0 endif if OAmp < OAmp[1]-1 then OAmp = OAmp[1]-1 endif if OAmp > OAmp[1]+1 then OAmp = OAmp[1]+1 endif //=/ Decompte final if VRange > OAmp then OAmp = VRange endif P = round(OAmp) if forex then //=/ Volatility Volatilite = (((XURange*0.5)-(XDRange*0.5))*10000) XV = round(Volatilite) drawtext(" #XV# Volatility",barindex[1],TrDL[1]+(XURange[1]-TrDL[1]),Dialog,Bold,12) coloured(0,0,0) //=/ Amplitude if close > TrDL then Amplitude = (close-Lowest[P](low))*10000 elsif close < TrdL then Amplitude = (Highest[P](high)-close)*10000 endif XA = round(Amplitude) drawtext(" #XA# Amplitude",barindex[1],TrDL[1]+((XURange[1]-TrDL[1])/2),Dialog,Bold,12) coloured(0,0,0) //=/ Rapport RPP = (Amplitude-Volatilite) XR = round (RPP) if RPP > 0 then drawtext(" #XR# Report",barindex[1],TrDL[1],Dialog,Bold,12) coloured(0,0,0) elsif RPP =< 0 then drawtext(" #XR# Report",barindex[1],TrDL[1],Dialog,Bold,12) coloured(199,19,19) endif else //=/ Volatility Volatilite = ((XURange*0.5)-(XDRange*0.5)) XV = round(Volatilite) drawtext(" #XV# Volatility",barindex[1],TrDL[1]+(XURange[1]-TrDL[1]),Dialog,Bold,12) coloured(0,0,0) //=/ Amplitude if close > TrDL then Amplitude = close-Lowest[P](low) elsif close < TrdL then Amplitude = Highest[P](high)-close endif XA = round(Amplitude) drawtext(" #XA# Amplitude",barindex[1],TrDL[1]+((XURange[1]-TrDL[1])/2),Dialog,Bold,12) coloured(0,0,0) //=/ Rapport RPP = (Amplitude-Volatilite) XR = round (RPP) if RPP > 0 then drawtext(" #XR# Report",barindex[1],TrDL[1],Dialog,Bold,12) coloured(0,0,0) elsif RPP =< 0 then drawtext(" #XR# Report",barindex[1],TrDL[1],Dialog,Bold,12) coloured(199,19,19) endif endif return |
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Hi! I like this indicator a lot, been using it on a 30 min timeframe and usually confirms my thesis/process. Is there any way of moving the text on the chart closer to price?
Bonjour et merci pour cet indicateur ! je l’observe sur les actions du Nasdaq et la plupart du temps, il affiche 0 pour les 3 variables, est ce normal ? merci à toi.