Diskussion | True Volatility | Kostenloser Download Technischer Indikator für den MetaTrader 5

marcus vasconcellos 2021.02.16 22:17 #1

Hello, please it needs be adjusted to run well in WING21 indice Brazilian, I think it make a division for a big number to result in percent. Can you fix-it? Example, market volatility is 30 but price is 100k, so it calculate 30/100000 and do no show result in the graphic. See image below

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Cristian Eriksson 2021.02.17 13:16 #2

marcus vasconcellos:
Hello, please it needs be adjusted to run well in WING21 indice Brazilian, I think it make a division for a big number to result in percent. Can you fix-it? Example, market volatility is 30 but price is 100k, so it calculate 30/100000 and do no show result in the graphic. See image below

Hi thanks for valueble feedback!

I've fixed the incorrect digit-switching between pairs, and added the abliity to manually specify digits(in extreme cases).

Let me know what you think.

marcus vasconcellos 2021.02.17 20:16 #3

Cristian Eriksson:

Hi thanks for valueble feedback!

I've fixed the incorrect digit-switching between pairs, and added the abliity to manually specify digits(in extreme cases).

Let me know what you think.

Great indicator, thanks for your support. Now it work very well.

m-c-f 2021.02.24 16:26 #4

Do you have a MT4 version? I have been looking for exactly this indicator. Thanks

jshbrgs 2022.03.26 04:53 #5

Hello, I really love the indicator.I just want to confirm that I understand its purpose correctly. Basically, this ATR PERCENT was developed to compare volatility against other multi-paired instruments? Say in your example, XAUUSD vs EURJPY. Since the percentage is higher in EURJPY, then we can assume that at the moment, the most active instrument will be EURJPY. Did I get it right? basically, this can serve as a volatility filter to know which pairs to trade based on volatility. This is a useful tool for trend traders if that is the case, I assume. Please correct me if I am wrong. Did you add the / close[i-1] in the formula? I just want to understand the math behind it or there is more to it?

Cristian Eriksson 2022.03.26 15:23 #6

jshbrgs #:

Hello, I really love the indicator.I just want to confirm that I understand its purpose correctly. Basically, this ATR PERCENT was developed to compare volatility against other multi-paired instruments? Say in your example, XAUUSD vs EURJPY. Since the percentage is higher in EURJPY, then we can assume that at the moment, the most active instrument will be EURJPY. Did I get it right? basically, this can serve as a volatility filter to know which pairs to trade based on volatility. This is a useful tool for trend traders if that is the case, I assume. Please correct me if I am wrong. Did you add the / close[i-1] in the formula? I just want to understand the math behind it or there is more to it?

Yes that is correct. But just keep in mind that some pairs like BitcoinUsd or GoldUsd moves more naturally even when the volume is in the low of the day. So it's not necessary that the biggest mover is the most active one at the current time. But it will show you how much a pair is currently moving. If you want to know how much a wave is paying, you would have to compare the atr converted to dollar. If Atr is 50ticks, and tick value is 1. 50 ticks would produce 0.50$ with the lot size 0.01.

jshbrgs 2022.03.27 05:45 #7

Cristian Eriksson #:
Yes that is correct. But just keep in mind that some pairs like BitcoinUsd or GoldUsd moves more naturally even when the volume is in the low of the day. So it's not necessary that the biggest mover is the most active one at the current time. But it will show you how much a pair is currently moving. If you want to know how much a wave is paying, you would have to compare the atr converted to dollar. If Atr is 50ticks, and tick value is 1. 50 ticks would produce 0.50$ with the lot size 0.01.

Awesome! I will keep this in mind. This really helps me choose the best pairs to trade in case I get a similar base currency. This is a game changer for me. I really appreciate it. Thank you for patiently explaining it.