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Volatility or variability is a statistical financial index which characterizes variability of a price. This is one of the most important financial indexes and notions in financial risk management which represents a risk level of usage a financial instrument within specified period of time.
ATR ratios are applied to calculate volatility
Short period of ATR is compared with long period of ATR.
- Bar — dimension of the array where the indicator is calculated
- p — short period of ATR
- P — long period of ATR
- mode — mode parameter.
If mode = true, the indicator compares 6-hour daily volatility with 12-hour daily volatility on all timeframes from M1 to H1.
If mode = false, you can specify p and P parameters at your discretion.
How to configure this indicator
Select: Charts =>Indicators List => Volatility =>Edit.
The indicator's window will appear. Set parameters.
Create a template: Charts =>Template =>Save Template.