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irROCVolatility Version-1.0 for NT-8.0.17.2 64-bit

I used to use Excel to calculate and average the end-of-day readings of three different Rate Of Change indicators to see if I could graph the differences in Directional Bias across a number of different Futures contracts (Equities, Treasuries, Currencies, Metals, Energy, Grains) in an effort to decide where to focus my trading efforts and capital.

The exercise was time consuming and not that helpful over the long term which lead me to abandon the project, until recently when I revisited the idea using NT-8.

The different period settings I used for the original project (on a Daily chart) were 10, 25 and 35 (Days),
and (on a Weekly chart) were 2, 5 and 7 (Weeks).

The irROCVolatility indicator displays the average of three different (10, 25, 35) ROC (Rate-of-Change) indicators to assist in highlighting directional bias while indicating increases and decreases in Volatility.

I was surprised by the way the indicator works on the smaller Intraday time frames that many of us use as day traders.

I find it helps when I can't understand what Delta is trying to tell me. Hopefully you'll find it useful too.

Trade well

Category NinjaTrader 8 Indicators and More

Details: irROCVolatility Version-1.0 for NT-8.0.17.2 64-bit
Category: NinjaTrader 8 Indicators and More

September 12th, 2019
Size: 3.79 KB
Downloaded: 1042 times

Comments/ratings

OpalDragon September 13th, 2019 11:01 AM

Thanks you sir -- Great indicator -- but I do have questions on "how to use it exactly" and what it is supposed to mean...

I have also been looking for ways to truly measure increases in volatility to set up systems for those times.

Do you have a thread open to start a conversation about this indicator?

cv2low September 13th, 2019 01:40 PM

No Comment

topdogtony September 27th, 2019 09:13 AM

i just downloaded this thanks

ralett November 15th, 2019 09:54 AM

Thanks for sharing the indicator. Quick question, what are you using to display the time/date/day/week/quarter on your chart?

Thanks!

datahogg November 19th, 2019 10:56 AM

Very helpful. Thanks.

micasa001 November 19th, 2019 11:35 AM

Compliments!

tehuff January 6th, 2020 11:28 PM

I have the same issue w/ delta sometimes. Thanks.

Amir459 April 9th, 2020 12:28 PM

Thanks for sharing the indicator, I will give it a try.