[GM PRO] Volatility
A highly customizable yet simple to use volatility indicator designed for algorithmic traders in mind.
Trend traders seek volume when entering a trade. Price action without volume is like a rocket without fuel -- it won't go very far.
In the Forex world, the actual volume is unknown, however with a good volatility indicator, we can more or less predict high/low volume periods relative to recent price action with a reasonable degree of accuracy.
This indicator uses standard deviations and moving averages to calculate when there is a strong price action, or weak/sideways price action.
Trend traders seek volume when entering a trade. Price action without volume is like a rocket without fuel -- it won't go very far.
In the Forex world, the actual volume is unknown, however with a good volatility indicator, we can more or less predict high/low volume periods relative to recent price action with a reasonable degree of accuracy.
This indicator uses standard deviations and moving averages to calculate when there is a strong price action, or weak/sideways price action.