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Volatility Ratio Oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=63770
Forum: 38 · Topic 63770 · 1 post(s)
Volatility Ratio Oscillator
Apprentice · Tue Aug 16, 2016 2:09 am
Based on the lua original. viewtopic.php?f=17&t=1126
This ratio is used to identify wide-ranging days. Wide ranging days are signaled by a Volatility Ratio greater than 2.0.
Identifies
- Wide-ranging days, signals a likely reversal
- Price gaps
- Island Price pattern
Formula Volatility Ratio = True Range / EMA of True Range for the past n periods