Candle Volatility Index [by NicoadW]

17 ก.ย. 2021

This is the migration of the CandleVolatilitIndex from MT4.

The indicator works as following:

Step 1: The "Volatility Value" is calculated by applying a moving average to the change of the selected source (default: 10-Period-SMA applied to the change from last close to this close -> SMA(close-close[1] , 10) )
Step 2: The signal line is calculated by applying a moving average onto the "Volatility Value" calculated in step 1.

The default settings are the same as in the original MT4 version.

Visualization:

The histogram shows the "Volatility Value" calculated in step 1.

Case 1:
The value is above the signal line (blue bar) -> Volatility is given

Case 2:
The value is below the signal line (grey bar) -> Volatility is not there


This is intended to be used as a Volume/Volatility Indicator for a NNFX-System but can be used in any strategy.