The last release of the stand-alone version here... soon it will be published as part v2v dynamic trading system:nathanvbasko wrote: Tue Oct 22, 2019 2:11 am
v2v Momenticksv1.17updates
─ added... "Volatility Ratio". Based on mladen's work posted at MetaQuotes
─ some code optimization
VolatilityRatio.png
Theory:
There is always a need to measure if the market is "quiet" or it is volatile. One of the possible ways is to use standard deviations, but the issue is simple: we do not have some levels that could help us find out if the market is in a state of lower or higher volatility. This feature is attempting to do that :
─ values above level 0 are indicating a state of increasing volatility
─ values below level 0 are indicating a state of decreasing volatility
Usage :
This is not a directional feature. It should be used for volatility detection, not trend assessment - for that, you have to use some other indicator and then check this one if the market volatility conditions are those that you expect
Momenticks.ex4
Attachments forums
Re: Velocity, Momentum & ROC Indicators for MT4
nathanvbasko, Wed Oct 23, 2019 11:37 am