FXCodeBase.COM: Forex Chart Indicators and Development

Volatility Ratio

This ratio is used to identify wide-ranging days.
Wide ranging days are signaled by a Volatility Ratio greater than 2.0.

Identifies
1. Wide-ranging days, signals a likely reversal
2. Price gaps
3. Island Price pattern

Formula
Volatility Ratio = True Range / EMA of True Range for the past n periods


MT4/MQ4 version.
viewtopic.php?f=38&t=63770

The indicator was revised and updated

Normalized ATR

The normalized ATR by John Forman expresses the ATR as a percentage of the current closing price. This makes it possible to compare ATR values over long periods where a share price level (and hence the typical daily ranges) have changed greatly.

Formula
NATR = 100 *ATR / Close

The Indicator was revised and updated.

Apprentice wrote:Volatility Ratio

VR.png

This ratio is used to identify wide-ranging days.
Wide ranging days are signaled by a Volatility Ratio greater than 2.0.

Identifies
1. Wide-ranging days, signals a likely reversal
2. Price gaps
3. Island Price pattern

Formula
Volatility Ratio = True Range / EMA of True Range for the past n periods

VR.lua

MT4/MQ4 version.
viewtopic.php?f=38&t=63770

The indicator was revised and updated

Hello,

Can we get an option to adjust the levels please?

Thank you.

Try it now.

Apprentice wrote:Try it now.

Aces mate!