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07-22-2006, 03:30 PM
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Volatility Quality Index
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 Last edited by Andrew2; 12-21-2006 at 07:22 PM.           
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07-22-2006, 04:09 PM
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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),""); TrueRange = max([high]-[low], max([high]-val([close],1), val([close],1)-[low])); Thank You Raff Last edited by Andrew2; 07-29-2006 at 10:04 AM.
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07-22-2006, 05:56 PM
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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
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07-27-2006, 02:00 PM
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While waiting for coders answers...
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
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Last edited by raff1410; 07-29-2006 at 10:13 AM.
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07-27-2006, 02:25 PM
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Vq
Nice one raff ......lets FW test based on the signals...
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07-27-2006, 04:17 PM
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Nice Work .. Raff !!
Could you please post yer TRIX indicator too ?? Thnx ..
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07-27-2006, 04:52 PM
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Quote:
Trend Deviation (TRD) Raff
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07-27-2006, 05:02 PM
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Quote:
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07-27-2006, 05:43 PM
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Quote:
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
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07-27-2006, 06:52 PM
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Now this is an impressive Indicator
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)? Last edited by 67-17454; 07-27-2006 at 06:56 PM.
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