FXCodeBase.COM: Forex Chart Indicators and Development

Update.

I second fxdirekt's comment. Color coded sloping would be a massive improvement. Any possibility for assistance on this? Thankyou!

Color Option Added.

Hi all,

Just wanted to share this link to Mark Whistlers videos in YouTube.

https://youtu.be/lfPehe_x8h0

Thanks,
JariCarr

Hi,

Can someone please explain how to use this indicator ?

Thanks,

To get a really clear view of how this works you need to read the book Volatility illuminated. Essentially it is two normalized bollinger bands, readings below .5 tells us that the market is compressed and that there may be a strong move soon .9 tells us that the move is pushing full throttle. The indicator is not directional, it is only concerned with volatility. Take a look at your chart on the daily and mark places where the short term and long term compression are below .5 and what happens as price moves above .5 to get an idea of how this works.

Thanks for your reply Asack5,

Will give your recommendations a try.

Be well,
JariCarr

Is it possible to create an alert strategy when the long line crosses above .5?

Strategy is available here.
viewtopic.php?f=31&t=63746

Anybody know if there is an MT4 version of this indicator? Been looking and the links to purchse them are dead.