Volatility Quality Index

Andrew2 · #1 (**permalink**) 07-22-2006, 04:30 PM

VQ.mq4

WARNING!!!
This indicator is all experimental.
DO NOT trade real money.
It shows a lot of false signals.
Use Your own technical analysis, to confirm signals.
This is “volatility” indicator, not “trend”, it could show opposite direction to current trend…
See post #4

Raff

Andrew2 · #2 (**permalink**) 07-22-2006, 05:09 PM

Can You translate it to mq4

Code:

Type : Indicator, Name : Volatility Quality Index 
Variables: 
VQI(0), 
SumVQI(0);

If TrueRange <> 0 and (High - Low) <> 0 Then
VQI = ((Close - Close[1]) / TrueRange + (Close - Open) / (High - Low)) * 0.5
Else
VQI=VQI[1];
VQI = AbsValue(VQI) * ((Close - Close[1] + (Close - Open)) * 0.5);
SumVQI = SumVQI + VQI;
Plot1(SumVQI,"");
Plot2(Average(SumVQI,9),"");
Plot3(Average(SumVQI,200),"");

I think, in easylanguage:

TrueRange = max([high]-[low], max([high]-val([close],1), val([close],1)-[low]));

Thank You

Raff

elihayun · #3 (**permalink**) 07-22-2006, 06:56 PM

I tried to translate it, but with no success. So I decided to add another line to Chaikin volatility and here the result. Very useful. Thank you for the idea.

Just a reminder, even before down trend we will see the indicators lines going up.

Eli

raff1410 · #4 (**permalink**) 07-27-2006, 03:00 PM

Hi…
I made Volatility Quality indicator. I add some smoothing and filter for it. Best results are in H1 and H4 timeframe, with higher timeframe (H4 and D1) as a signals filter. I think it will help to find good entry points.

Also it need good settings to work.
I think the best are:
Length – from 3 to 8;
Method – as moving average methods: 0-simple, 1-expotential, 2-smoothed, 3-linear weighted;
Smoothing – 0 to 10, I suggest 1;
Filter – 0 to whatever You want;
For example length 3, method 2, smoothing 1, and filter set to 1 and increase it to find the best one…

Any suggestions, comments, please post here

Raff vel ANDy

You will find new version of VQ at post #1

DOMIANDR000 · #5 (**permalink**) 07-27-2006, 03:25 PM

Nice one raff ......lets FW test based on the signals...

bullwinkle · #6 (**permalink**) 07-27-2006, 05:17 PM

Nice Work .. Raff !!

Could you please post yer TRIX indicator too ??

Thnx ..

raff1410 · #7 (**permalink**) 07-27-2006, 05:52 PM

Quote:

Originally Posted by bullwinkle

Nice Work .. Raff !!

Could you please post yer TRIX indicator too ??

Thnx ..

You will find it there:
Trend Deviation (TRD)

Raff

Devil2000 · #8 (**permalink**) 07-27-2006, 06:02 PM

Quote:

Originally Posted by raff1410

Hi…
I made Volatility Quality indicator. I add some smoothing and filter for it. Best results are in H1 and H4 timeframe, with higher timeframe (H4 and D1) as a signals filter. I think it will help to find good entry points.

Also it need good settings to work.
I think the best are:
Length – from 3 to 8;
Method – as moving average methods: 0-simple, 1-expotential, 2-smoothed, 3-linear weighted;
Smoothing – 0 to 10, I suggest 1;
Filter – 0 to whatever You want;
For example length 3, method 2, smoothing 1, and filter set to 1 and increase it to find the best one…

Any suggestions, comments, please post here

Raff vel ANDy

Do you mind to put the mq4 file here? thanx

raff1410 · #9 (**permalink**) 07-27-2006, 06:43 PM

Quote:

Originally Posted by Devil2000

Do you mind to put the mq4 file here? thanx

Hi...
I knew that someone will ask for it…

Everything You need to do now is to test it and find how to use it…

Raff

67-17454 · #10 (**permalink**) 07-27-2006, 07:52 PM

I look forward to learning more and watching this indicator as it progresses!

I just did some 'back of the envelope' analysis if this was an EA and I let it autotrade on GBPUSD and EURUSD and the results were impressive.

For 1 week, +308 pips on GBPUSD (no losing trades) and +100 pips on EURUSD (two losing trades). I know, mileage may vary.

Looking forward to forward testing.

Is there any way when there's a reversal to add an alert screen with market details at that time to make it a little easier (rather than just ring a bell)?