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Volatility Quality Index

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Andrew2
111
Andrew2  
Files:
vq.mq4 8 kb
Andrew2
111
Andrew2  

Can You translate it to mq4

Type : Indicator, Name : Volatility Quality Index

Variables:

VQI(0),

SumVQI(0);

If TrueRange 0 and (High - Low) 0 Then

VQI = ((Close - Close[1]) / TrueRange + (Close - Open) / (High - Low)) * 0.5

Else

VQI=VQI[1];

VQI = AbsValue(VQI) * ((Close - Close[1] + (Close - Open)) * 0.5);

SumVQI = SumVQI + VQI;

Plot1(SumVQI,"");

Plot2(Average(SumVQI,9),"");

Plot3(Average(SumVQI,200),"");

I think, in easylanguage:

TrueRange = max(-[low], max(-val([close],1), val([close],1)-[low]));

Thank You

Raff

eli
609
eli  

I tried to translate it, but with no success. So I decided to add another line to Chaikin volatility and here the result. Very useful. Thank you for the idea.

Just a reminder, even before down trend we will see the indicators lines going up.

Eli

raff1410
318
raff1410  
Files:
1_2.gif 47 kb
2_4.gif 52 kb
3_1.gif 48 kb
DOMIANDR000
72
DOMIANDR000  

Vq

Nice one raff ......lets FW test based on the signals...

bullwinkle
43
bullwinkle  

Nice Work .. Raff !!

Could you please post yer TRIX indicator too ??

Thnx ..

raff1410
318
raff1410  
bullwinkle:
Nice Work .. Raff !!

Could you please post yer TRIX indicator too ??

Thnx ..

You will find it there:

https://www.mql5.com/en/forum/174718

Raff

Erman Ardianto
1144
Erman Ardianto  
raff1410
318
raff1410  
67-17454
127
67-17454  

Now this is an impressive Indicator

I look forward to learning more and watching this indicator as it progresses!

I just did some 'back of the envelope' analysis if this was an EA and I let it autotrade on GBPUSD and EURUSD and the results were impressive.

For 1 week, +308 pips on GBPUSD (no losing trades) and +100 pips on EURUSD (two losing trades). I know, mileage may vary.

Looking forward to forward testing.

Is there any way when there's a reversal to add an alert screen with market details at that time to make it a little easier (rather than just ring a bell)?

Files:
pic_001.gif 17 kb
pic_002.gif 17 kb
raff1410
318
raff1410  
67-17454:
I look forward to learning more and watching this indicator as it progresses!

I just did some 'back of the envelope' analysis if this was an EA and I let it autotrade on GBPUSD and EURUSD and the results were impressive.

For 1 week, +308 pips on GBPUSD (no losing trades) and +100 pips on EURUSD (two losing trades). I know, mileage may vary.

Looking forward to forward testing.

Is there any way when there's a reversal to add an alert screen with market details at that time to make it a little easier (rather than just ring a bell)?

Try this one......

Raff

You will find new version of VQ at post #1