PROTECTED SOURCE SCRIPT
Volatility Optimizer
I created Volatility Optimizer to test various volatility conditions and how they affect signals/indicators I create for my customer. It pits long-term, short-term and middle-term ranges against each other. Whichever is highest will also print a dot on the top of the indicator window.
Most indicators and strategies work well in only one area. Whether you differentiate market phases to contraction/expansion/trend or sideways/impulse wave/correction, Optimus might help you filter out wrong signals. For example, in the impulse wave, the shortest period range (Blue) should get quickly on top. If you are seeking opportunities in the correction phase, it is when red should be dominant.
The lengths of ranges need to be set based on your strategy and timeframe. If you look many candles back, the preset values probably need to be increased.
You may look are which volatility length average is highest. You might also look at which one is ascending or descending.
Good luck!
Most indicators and strategies work well in only one area. Whether you differentiate market phases to contraction/expansion/trend or sideways/impulse wave/correction, Optimus might help you filter out wrong signals. For example, in the impulse wave, the shortest period range (Blue) should get quickly on top. If you are seeking opportunities in the correction phase, it is when red should be dominant.
The lengths of ranges need to be set based on your strategy and timeframe. If you look many candles back, the preset values probably need to be increased.
You may look are which volatility length average is highest. You might also look at which one is ascending or descending.
Good luck!
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.