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Thinkscript Volatility Indicator
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Created: by tosmonkey Attachments:0

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Thinkscript Volatility Indicator

  #1 (permalink)
Membership Temporarily Revoked
Daly City, California, USA
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: forex
 
Posts: 18 since Sep 2010
Thanks: 4 given, 16 received

Thinkscript Volatility Indicator

This is my first post, and I want to be useful and helpful.

I've taken a thinkscripter indicator and modified it slightly.

It's pretty simple - it gives unequivocal long and short signals.

I think it's pretty accurate as is, but can be improved upon.(I'm not a programmer.)

Cheers!


--------------------------------------------------------------------------------------------



declare lower;

input period = 22;

def WVF = (Highest(close, period) - low) / (Highest(close, period)) * 100;


input BBlength = 20;
input BBNum_Dev_Dn = -2.0;
input BBNum_Dev_up = 2.0;

def sDev = stdev(data = WVF, length = BBlength);
def MidLine = Average(data = WVF, length = BBlength);
def LowerBand = MidLine + BBnum_Dev_Dn * sDev;
def UpperBand = MidLine + BBnum_Dev_Up * sDev;


##################
def price = close;
def moses = 1- expaverage(price -wvf) ;

##################

plot golong = if((wvf <=lowerband and moses<=0), (1- moses), 0);
plot goshort = if(wvf >= upperband, (moses -1),0);
plot zero = 0;


golong.SetDefaultColor(color.cyan);
golong.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

goshort.SetDefaultColor(color.red);
goshort.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

addcloud(golong, zero);
addcloud(goshort, zero);

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  #2 (permalink)
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  #3 (permalink)
Membership Temporarily Revoked
Daly City, California, USA
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: forex
 
Posts: 18 since Sep 2010
Thanks: 4 given, 16 received

By the way


The original is called the Williams Vix Fix and can be found at the thinkscripter website.

(I can't post links yet.)

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The following user says Thank You to tosmonkey for this post:
 
  #4 (permalink)
Membership Temporarily Revoked
Daly City, California, USA
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: forex
 
Posts: 18 since Sep 2010
Thanks: 4 given, 16 received

Another One

This version does a pretty good job of indicating trend: --------------------------------------------
 
Code
                            
declare lower
input period 22;       
def WVF = (Highest(closeperiod) - low) / (Highest(closeperiod)) * 100
input BBlength 20input BBNum_Dev_Dn = -2.0
input BBNum_Dev_up 2.0;       
def sDev stdev(data WVFlength BBlength); 
def MidLine Average(data WVFlength BBlength); 
def LowerBand MidLine BBnum_Dev_Dn sDevdef UpperBand MidLine BBnum_Dev_Up sDev;          ##################     
def down1 upperband-wvf
def up1 =  wvf-lowerband;   plot down = if(down1>up1expaverage(down1), 0); 
plot up = if(up1>down1expaverage(up1), 0);  
down.SetDefaultColor(color.green); 
down.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); 
 
up.SetDefaultColor(color.red); up.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); 


Last edited by sam028; September 10th, 2010 at 06:35 AM. Reason: add coding tag
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  #5 (permalink)
Elite Member
New Braunfels, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: futures
 
Posts: 127 since Aug 2009
Thanks: 932 given, 19 received


tosmonkey View Post
This is my first post, and I want to be useful and helpful.

I've taken a thinkscripter indicator and modified it slightly.

It's pretty simple - it gives unequivocal long and short signals.

I think it's pretty accurate as is, but can be improved upon.(I'm not a programmer.)

Cheers!


--------------------------------------------------------------------------------------------



declare lower;

input period = 22;

def WVF = (Highest(close, period) - low) / (Highest(close, period)) * 100;


input BBlength = 20;
input BBNum_Dev_Dn = -2.0;
input BBNum_Dev_up = 2.0;

def sDev = stdev(data = WVF, length = BBlength);
def MidLine = Average(data = WVF, length = BBlength);
def LowerBand = MidLine + BBnum_Dev_Dn * sDev;
def UpperBand = MidLine + BBnum_Dev_Up * sDev;


##################
def price = close;
def moses = 1- expaverage(price -wvf) ;

##################

plot golong = if((wvf <=lowerband and moses<=0), (1- moses), 0);
plot goshort = if(wvf >= upperband, (moses -1),0);
plot zero = 0;


golong.SetDefaultColor(color.cyan);
golong.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

goshort.SetDefaultColor(color.red);
goshort.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

addcloud(golong, zero);
addcloud(goshort, zero);


Has this indicator been programmed in NinjaTrader by anyone? If not would it be possible?

Thanks,
eensor

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