NinjaTrader 8 Indicators and More - irROCVolatility Version-1.0 for NT-8.0.17.2 64-bit
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View the winning 'starred entries' irROCVolatility Version-1.0 for NT-8.0.17.2 64-bit 5 *
Winning Entry July 1st, 2020 to August 1st, 2020 [1 votes]

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


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


September 12th, 2019
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