Volatility indicator VolatilityAverageSingleHighLimit

VolatilityAverageSingleHighLimit indicator, with the help of readings of several ATR indicators, allows you to determine the state of the market.

The VolatilityAverageSingleHighLimit indicator displays three lines in the basement of the chart:

• the red line of the indicator is a single volatility (ATR period 1);
• blue line - the average volatility (period ATR 24);
• light brown line - increased average volatility (period ATR 24, multiplied by 2.5).

As a result, we get three market states:

• Low-active - the single volatility line is below the average volatility line.
• Active - the single volatility lines are between the average and increased average volatility lines.
• Extremely active - the single volatility line above the line of increased average volatility.

volatility indicator VolatilityAverageSingleHighLimit can be used in trading strategies as a filter of trading signals, as well as to determine false and true breakouts.

Download VolatilityAverageSingleHighLimit indicator

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