This is a collection of indicators I use with NT for volatility studies. It includes:
HistoricalVolatilityRainbow: 10/20/30/60 Day HV plot.
HistoricalVolatilityZScore: ZScore of the HV, with default 2 SD markers.
LogReturns: Useful for a lot of things.
LogRetrunsZScore: ZScore of the above, with markers at 2, 3 and 4 SDs.
Some of these were floating around in threads, now they are all updated and available as one download.
Note the HV studies use the "traditional" definition of HV, and therefore only work on daily bars.
May 17th, 2011
Size: 12.96 KB
Downloaded: 430 times
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MXASJ
Version 1.3 September 25, 2017
The Z-score or standard score is a numerical measurement of a value’s relationship to the arithemic mean of the data set. The Z-score is the signed number of standard deviations by which the current value of a data point is above the mean value or below the mean value as calculated for the selected lookback period.
For a normally distributed sample 95.8% of the z-scores of all data points fall within the range [-2, +2]. A Z-score of 0 indicates that the data point is identical with the arithmetic mean of the data set.
The Z-score is a normalized oscillator that can be used to identify extreme readings of the input series. The Z-score is calculated by dividing the absolute difference between a data point and the arithmetic mean by the standard deviation.
One of the main applications of the Z-score is that it can be used to normalize any oscillator. For example, the MACD is a non-normalized oscillator which does not pass the c-test introduced by William Eckhardt. However, when the Z-score is used to normalize the MACD, the resulting oscillator uses a normalized scale and will pass the c-test. The normalized MACD is obtained, when the MACD is used as the input series for the Z-score.
Some traders use a lot of static levels that are sometimes far from current price.
Other want to always be reminded of Big Round Numbers, or quarters, halfs, etc.
Some want a mix of both.
BigConstantLines will use a starting price value (CenterLineValue) and automatically create lines 16 levels above, and 16 levels below using the AddPointsValue increments. OR, just enter each level manually leaving the CenterLineValue and AddPointsValue properties blank/zero.
One can also autopopulate and then override any level with a manually entered price. This may be a S/R level, Pivot, All Time High/Low, whatever. The indi can be added more than once in case there are some numbers from say daily/weekly/month charts that are significantly out of the current trading range, but that you want on the chart if you get there, or if you just want more than 33 levels.
Some instruments tend to move in pretty reliable patterns, say 25 handles. Pick a starting price
for CenterLineValue and enter 25 in the AddPointsValue, voila.
Note: Line17 is the CenterLine, and cannot be manually overridden when using the autopopulate mode.
(This is hack of the standard Constant Lines indicator. It's prolly gonna make your machine explode, create a new COVID variant, cause constipation, and remove all hope for whirled peas. Use at your own risk.)
Update: I've received some good suggestions. However I don't plan to implement any new features or changes, it does a certain thing well. Perhaps others will take this and add features to it, go nuts!
More than one request was for line color/thickness control. For this I suggest you add the indi to a chart, make whatever changes you want, and then save the Default template for the indi. Your custom settings will forever be saved and used on any chart you add the indi to moving forward.
Enjoy!
August 25th, 2021
Size: 4.42 KB
Downloaded: 399 times
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BeMoreFree
This indicator created High Low bars of the standard WilliamsR indicator then applies a low fluctuation no lag smoothing ling (Light Blue) and a Signal Line (Maroon) to the smoothing line. It also draws a dot at the end of the calculation range to show you what prices are included in the calculation. The No Lag calculation is based on Ahrens Moving Average, tweaked to calculate off of the highs and lows not the open and close providing less variance to the indicator.
It will show the variance that takes place on the WilliamsR and smooth it to show you a more accurate number. I hope you like it, and if you do please leave a comment to show your appreciation.
September 2nd, 2022 11:04 AM cv2low I love this reset, it saves me so much time.
October 14th, 2021 09:20 AM sidlercom Perfect many thx
July 22nd, 2020 01:17 PM bobc635 Great idea!!!!
July 21st, 2020 08:46 PM yogaflyer
July 21st, 2020 11:44 AM Fibstrader I'm new to NT. Used to trade on TS. I downloaded and installed this add-on but how do I find it when I need to reset Sim
accounts? I can't see it in the list of indicators.
December 9th, 2022 10:05 AM Chof So often the simplest things are some of the most helpful.. That's certainly the case with your indicator - exactly wh
at I was looking for - thank-you.
February 24th, 2022 12:46 PM j77777 Thanks so much
August 28th, 2021 09:09 PM romus Fantastic!
Especially for currencies - e.g. setting levels every 50 or 100pips
Thank you!
August 26th, 2021 05:03 AM guidoisot Thank you. An instrument with 25 points could perhaps be the case for NQ and also DAX. Maybe you can add also one plot-p
roperty for setting all plots thickness and color with one single instruction.