Sigma Spikes were created by Adam Grimes and this is one of the best volatility indicators out there. This indicator not only gives you positive or negative volatility but with my version I can identify any sudden changes from the underlying trend. Buy when the line turns green and sell when it turns red.
Let me know if there were any other indicators you wanted to see me publish!
Thank you for sharing this! Could you please share some more detail about how the buy and sell signals are generated from the sigma spike? Was also wondering what else you recommend using with this - I've been playing around with your Ehler Non Linear Filter and Ehler Adaptive Moving Average to test out a strategy with some basic rules (e.g., all showing buy on x time frame). Cheers!
cheatcountry
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@ncarraway, thanks! The buy and sell signals are generated from the ss variable above which is the moving average of the sigma spike. Buy is hit when the moving average is over 0 and sell is hit when the moving average is below 0