Volatility Quality Index w/ Pips Filtering [Loxx]

Volatility Quality Index w/ Pips Filtering [Loxx] is a Volatility Quality Index indicator with various smoothing types and pips filtering

What is the Volatility Quality Index (VQI)?
The idea behind the volatility quality index is to point out the difference between bad and good volatility in order to identify better trade opportunities in the market. This forex indicator works using the True Range algorithm in combination with the open, close, high and low prices.

Included

7 different types of smoothing average
Alerts (coming in future update, stay tuned)
Signals (coming in future update, stay tuned)

Note di rilascio

Added:

Alerts
Signals
Bar coloring

Signals are based on:

long = rate of change of last 10 bars is positive
short = rate of change of last 10 bars is negative

you can change the 10 bar period to suit your needs

Stridsman suggested to buy when VQI has increased in the previous 10 bars (use the SMAs ) and sell when it has decreased in the previous 10 bars.

Script open-source

Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

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Script open-source

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

Anche su: