Store Volatility number 1-2hrs before opening a trade

• 06/29/2016 at 5:17 PM #9993
  davidp13

  Hi all,

  I’m trying to test the volatility prior to opening a trade. I’m trying to identify if Volatility has spike over a certain number during the last two hours and if so the trade should not open. How do I go about effectively storing it to a variable and then re-use at the time the trades tests the market before it opens a trade?

  Thanks

  

  davidp13

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  06/29/2016 at 6:51 PM #9996
  Nicolas

  How do you measure volatility? If you have your own formula, you can look at its value with simple offset in the past.

  

  Nicolas

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  06/29/2016 at 7:00 PM #9997
  davidp13

  I use the Chaikan Volatility indicator. So to measure the max, lets say from 7am to 9am one can use code like

  VOL = Volatility[10,10] IF TIME>=090000 and TIME <= 090000 THEN VOLATEST = MAX(VOLATEST,VOL) ENDIF

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  VOL = Volatility[10,10]   IF TIME>=090000 and TIME <= 090000 THEN VOLATEST = MAX(VOLATEST,VOL) ENDIF

  That will give me the MAX no before the trade might open at 090500. But I need the reading to be ZERO before 7am and then ZERO again after 9am.

  Possible?

  

  davidp13

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  06/29/2016 at 7:47 PM #10001
  Nicolas

  You want to reset your VOLATEST value to 0 after 090000 ? Anyway, just set VOLATEST=0 at the TIME you want.

  

  Nicolas

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