Thread: 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

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

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

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

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

Nice Work .. Raff !!

Could you please post yer TRIX indicator too ??

Thnx ..

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

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

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

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)?