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How does this indicator compare with Damiani Volatmeter?
That one uses average true range and standard deviation. ATR (average true range) is another Wilder indicator from the 1970s, it measures volatility. After some math which I won't go into here, it tries to pick local highs and lows over 14 periods, an inverse of what is shown on ATR is what is the local high or low on the price action. Basically, a high ATR is supposed to signify low on your price action and vice versa.
ADX and CCI are used in ToR, average directional index and commodity channel index. ADX shows whether you are trending or ranging (oscillating) and CCI shows variation from a typical price.
So basically, they are different, fundamentally and technically, is the answer. And actually the name volatmeter is short for volatility meter. ToR is short for Trending or Ranging. So now you know.
OK I posted a new version of ToR in the first post in this thread. It has a nifty new feature, it shows the price typical CCI with two user adjustable periods in each of the 1 min, 5 min and 15 min timeframes. It also shows if CCI is going uphill or downhill on each of said timeframes.
- nittany1
nittany1
Just as usuallll..new piece of art of stat...very good job
MAY I ASK YOUR KINDNESS for this idea please :
How about if you the option for user to choose his favorit TF & his favorit adjustable periods this option for both ADX and CCI...(some people prefer high TF )..
there is notein cci it sometimes saying "downhill" while it is in green 98.7..!!!...i think there is something wrong or i maybe did not understand the logic of it..maybe)
""PLEASE TAKE GOOD CARE OF UR BABY""
in cci it sometimes saying "downhill" while it is in green 98.7..!!!...i think there is something wrong or i maybe did not understand the logic of it..maybe)
Technical Trader 
please teach me how to trade like you 
Linear Mode
