Indicators: Volatility Scanner

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Automated-Trading
156189
Automated-Trading  

Volatility Scanner:

Volatility Scanner in raw form for number of currency pairs.

Volatility Scanner

Author: JAN OPOCENSKY

Milton Bartlett
7
Milton Bartlett  
Hi, may I ask how do you go about to interpret the information? (5%/70% CHF weak YEN strong ? BODY/AVERAGE BODY? yesterday), (97%,80% HILO/AVERAGE HILO?? today) 
JAN OPOCENSKY
3136
JAN OPOCENSKY  
Milton Bartlett:
Hi, may I ask how do you go about to interpret the information? (5%/70% CHF weak YEN strong ? BODY/AVERAGE BODY? yesterday), (97%,80% HILO/AVERAGE HILO?? today) 

Hi Milton,


I suppose you are talking about CHFJPY pair at D1 (daily) timeframe.

5%/70% means that:

1. body of the candle at specific day was 5% of the average body (average calculated of last 100 candles) for the pair.

2. high-low of the candle at specific day was 70% of the average high-low (average of last 100 candles) for the pair.

Value 5%/70% indicates something like small "doji" candle. 


This indicator gives you information about volatility or uncertainty more than strength.


Best regards.


jan.

     

Revo Trades
200
Revo Trades  

so, do i read this correct?

red means that volatiliy is low

blue means that volatlity is high?

i think you need to add these lines into your description, it is not clear.

JAN OPOCENSKY
3136
JAN OPOCENSKY  
Revo Trades:

so, do i read this correct?

red means that volatiliy is low

blue means that volatlity is high?

i think you need to add these lines into your description, it is not clear.

no.

red color means that both the body and the hilo of particular candle is under 50% of the average.

blue color means only body is under 50% of the average.

regards.


jan.

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