Flat price, low volatility

• 12/16/2016 at 12:57 PM #18648
  Spekulanten

  Hi guys,

  first, do you have any tips on an already created indicator that returns when the volatility is low? When price is mostly flat and don’t move? Would be awesome if you could share me this!

  second, i wonder if i could use “ticks” in code, like close + 3 ticks upp/pips.

  Instead of coding close+0.3 i want to use 3 “ticks”, if the spread is 0.1. Due to that different instruments have different spreads i want to use “tick/pip/points” instead of a value like “0.3”. Is this possible, to use “number of steps” where the spread is 1 step? I want to use number of steps instead of a raw value, because some instruments may have 0.01 in spread, then my code would still work, because of the “steps” instead of a value. Hope i’m clear and that i could transfer my context.

  ps. don’t know if ticks is the right word. But one tick up or down is what i mean. Maybe a pip/point…

  Thanks in advance.

  

  Spekulanten

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  12/16/2016 at 2:29 PM #18658
  Nicolas

  To make calculation “universal”, you can make use of the ticksize or pipsize / pointsize instruction.

  For example:

  3 * pointsize

  1	3 * pointsize

  Will give you = 0.0003 on EURUSD, while it will return 3 on DAX/GER30.

  About volatility, you may have a look on everything related to ATR (average true range) or even statistical deviation indicators like Bollinger Bands derived ones (%bandwidth, etc..)

   

  

  Nicolas

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  12/16/2016 at 3:48 PM #18669
  Spekulanten

  Thanks alot Nicolas. Unfortunately does this not work on different stocks, it shows “0.001” on all of them, even while the spread ticks is different. Any suggestions?

  

  Spekulanten

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  12/16/2016 at 3:51 PM #18671
  Nicolas

  About the spread, it is not possible to retrieve it with the code I’m sorry. You’ll have to set it manually into your code for each different instrument.

  spread=3 //set your spread in the code value = close+spread*pointsize

  1 2	spread=3 //set your spread in the code value = close+spread*pointsize

   

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  Nicolas

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