Cristian Eriksson / プロファイル

True Volatility

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FREE

ATR is an excellent indicator to visualize if volatility is increasing or decreasing. But what if you want to compare the volatility to another pair or instrument? Since each pair with different quote currency has different pip value, the output of the ATR doesn't really say that much. Comparing pairs to other instruments is even harder.  What you as a trader care about is how much the pair has moved up or down in percentage, therefore normalizing ATR to percent would make things much

Range Bands

50.00 USD

Range bands works the same way as Bollinger bands except that they are self adapting, with range trading in mind. Unless you are familiar with Bollinger bands, it is a standard deviation indicator that is based around the concept that when price deviates to quickly from the average, it's going to encounter resistance. This is true for all period settings, since standard deviation 2 or 3 is an extreme on any data. This indicator automatically chooses the period that is currently most suitable for