TradeChartist Volatility Trader

™TradeChartist Volatility Trader is a Price Volatility based Trend indicator that uses simple to visualize Volatility steps and a Volatility Ribbon to trade volatility breakouts and price action based on lookback length.

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Features of ™TradeChartist Volatility Trader
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• The Volatility steps consists of an Upper band, a Lower band and a Mean price line that are used for detecting the breakouts and also used in plotting the Volatility Ribbon based on the price action. The Mean Line is colour coded based on Bull/Bear Volatility and exhaustion based on Price action trend.

• In addition to the system of Volatility Steps and Volatility Ribbon, ™TradeChartist Volatility Trader also plots Bull and Bear zones based on high probability volatility breakouts and divides the chart into Bull and Bear trade zones.

• Use of External Filter is also possible by connecting an Oscillatory (like RSI, MACD, Stoch or any Oscillator) or a non-Oscillatory (Moving Average, Supertrend, any price scale based plots) Signal to confirm the Bull and Bear Trade zones. When the indicator detects the Volatility breakouts, it also checks if the connected external signal agrees with the trend before generating the Bull/Bear entries and plotting the trade zones.

• Alerts can be created for Long and Short entries using Once per bar close.

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Note:

• Higher the lookback length, higher the Risk/Reward from the trade zones.
  
  
• This indicator does not repaint, but on the alert creation, a potential repaint warning would appear as the script uses security function. Users need not worry as this is normal on scripts that employs security functions. For trust and confidence using the indicator, users can do bar replay to check the plots/trade entries time stamps to make sure the plots and entries stay in the same place.
  
  
• ™TradeChartist Volatility Trader can be connected to ™TradeChartist Plug and Trade to generate Trade Entries, Targets etc by connecting Volatility Trader's Trend Identifier as Oscillatory Signal to Plug and Trade.
  
  
  
  
  
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  Best Practice: Test with different settings first using Paper Trades before trading with real money
  
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  This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
  
  Premium Scripts - Trial access and Information
  
  Trial access offered on all Premium scripts.
  
  PM me directly to request trial access to the scripts or for more information.
  
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Notes de version:

Code Optimised

Notes de version:

Code Optimised