Tutorial 22

The 'Volatility' indicator

This tutorial will cover how to use the 'Volatility' indicator.

 

 

 

Our 'Volatility' indicator calculates the volatility of the Bars, the volatility of the Trend and the volatility of the Support and Resistance Channel. Plus, many filters are used and many variations are possible.




Open the 'Volatility' indicator.


These are the default settings.


Let's look at the variations for the bars. '+Filter 1+2' is the default, which means: Show the volatility bars and add 2 filters to them.


Look at the details.


Here's another setting for 'Bar'. Select 'Show'. This means that no filter is applied. The bar colors change when crossing above and below the center axis.


Look at the details.


Other settings.


Look at the details.


Also, you can 'Hide' the Bars. The Trend volatility default setting is '+Filter'.


Look at the details.


You can also 'Hide' the Trend volatility.


Look at the details.


By default the volatility of the SR(Support and Resistance) Channel is set to Narrow +Filter. You can switch it to 'Large +Filter'. Try all the different SR Channel variations.


And look at the details.


Try many other variations. Play with all the available settings to choose your favorite.








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