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Re: Honje's collection of indicators, strategies and trading journals

141 by Jedidiah
honje19960321 wrote: Fri May 20, 2022 5:55 pm The core problem of the trading system now is volatility. The direction of the trade is totally fine. There is a swing to have a direction. This is a trading philosophy that I agree with.
I need to explore all the volatility indicators available on the internet. Currently I mainly use Bollinger Bands width and atr.

https://www.tradingsim.com/day-trading/ ... _Bandwidth
https://manabu-blog.com/atr-bollinger-t ... ategy#3-h2
https://manabu-blog.com/atr-bollinger-v ... y-breakout
https://manabu-blog.com/adr-measure-average-price-range
https://manabu-blog.com/daily-range-tra ... ategy#2-h2
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

Re: Honje's collection of indicators, strategies and trading journals

142 by Jedidiah
I find that a lot of people are looking for the Holy Grail.
There is a problem. At present, the Internet is full of indicators that can judge bullishness and bullishness.
If the market does not fluctuate, it is impossible to form a trend.
But I don't know, why does it feel like a lot of people don't value volatility?
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

Re: Honje's collection of indicators, strategies and trading journals

148 by Jedidiah
Jimmy wrote: Wed Apr 29, 2020 10:21 pm This is a particular indicator which was recently coded by Mladen for MT4 and looks like a great creation.

As explained by Mladen:
Theory :

There is always a need to measure if the market is "quiet" or it is volatile. One of the possible way 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 indicator is attempting to do that :

  • values above level 1 are indicating state of higher volatility
  • values above level 1 are indicating state of lower volatility

Usage :

This is not a directional indicator. 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
Image
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

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