TradeChartist Volatizer

2021年8月5日

™TradeChartist Volatizer (Volatility Visualizer) is an exceptionally well designed script that helps visualize Price Volatility and Momentum with the help of various Visual components including Volatizer Bands and Mean line, Support/Resistance levels, Trade Signals and much more. Volatizer's ability to filter trades based on Volatizer Bands, initial Support/Resistance breach, along with the use of External Filter makes it an extremely functional and a useful indicator in addition to its visually engaging design.

===================================================================================================================

™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
======================================


𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗕𝗮𝗻𝗱𝘀

Volatizer Bands comprises of an Upper Band, a Lower Band and a Mean line, that form the important components of this script. These bands are based on consolidation of various factors including comparison of volatility and Higher Time Frame (HTF) Momentum with that of the chart time frame. This helps visualize relative Volatility of the chart's price action in relation to the bands and the mean line. The width and the acceleration of the bands depend upon two of the only user inputs required in this script. They are

• Volatizer Length - This is the lookback length required to plot the strength of the price action. This length also determines the Volatizer Levels and Fills that help visualize Volatility and Momentum of the asset observed/traded. Higher the length, longer the trend and higher the Risk:Reward ratio

• Sensitivity - Users can choose one of 3 Sensitivity options (Low, Optimal, High) to adjust the degree of sensitivity of the Bands' reaction to the price action. High Sensitivity Bands react quicker to the price action based on underlying logic.

Example : 1hr chart of ETHUSDT using 24/High on the left and 24/Low on the right.




𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗠𝗲𝗮𝗻

Volatizer mean is a critical component of the Bands as it can determine the nature of the price action based on how the price tests the Volatizer Mean. When the price is extremely volatile or trending and when it is influenced by Bull or Bear momentum, the Mean line can be the magnet for Pull Backs or Throw Backs. Mean Touch Points can be enabled or disabled from the settings.

Example - 1hr chart of ETHUSDT clearly showing the use of the Mean line and Orange Mean Touch Points.




Example - 1hr chart of ETHUSDT with Volatizer Levels/Fills enabled on the left and disabled on the right.




𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗦𝘂𝗽𝗽𝗼𝗿𝘁/𝗥𝗲𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗟𝗲𝘃𝗲𝗹𝘀

Volatizer plots automatic Initial Support/Resistance Levels when this option is enabled. This is based on the user input of Length and Sensitivity.

Example - 1hr chart of BTCUSDT with Initial Support/Resistance Levels enabled. Initial range for support/resistance is shown on the chart.




𝗣𝗿𝗼𝗳𝗶𝘁 𝗧𝗮𝗸𝗶𝗻𝗴 𝗭𝗼𝗻𝗲𝘀

Volatizer uses a clever logic that helps detect volatility exhaustion prices and plots $ signs to help the trader take profits or move stop loss levels to secure gains or to exit trade position. This option can be enabled or disabled by checking or unchecking Display Profit Taking Zones. These zones can also be important support/resistance zones based on the trend volatility and momentum.

Example - 1hr chart of BTCUSDT (Setting - 24/Low) showing $ signs to help traders. (Green $ for Bull Zones and Red $ for Bear Zones)




𝗧𝗿𝗮𝗱𝗲 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗧𝗿𝗮𝗱𝗲 𝗙𝗶𝗹𝘁𝗲𝗿𝘀

The script can also be used to plot Trade Signals automatically with or without the use of Trade Filters. When the price shows bullish or bearish momentum when the price crosses above or below the mean, Bull or Bear plot appears on the chart to signal potential trend change. These signals can be filtered using one, two or all three filters listed below.

• Filter Initial S/R Level Breakouts - Plots Signals only when the initial Support/Resistance levels get breached.
  
  
  • Filter using Volatizer Bands - Plots Signals only when the Upper/Lower bands get breached.
    
    
    • External Filter - Plots Signals only if crossover/breakout criteria of External Filter (Oscillatory or Non-Oscillatory Signal) is satisfied.
      
      
      Example Charts for Trade Signals/ Filters using 1hr chart of AMD (Setting - 24/Optimal)1. Trade Signals without any filter2. Trade Signals using Initial S/R Level Breakout Filter only3. Trade Signals using Volatizer Bands Filter only4. Trade Signals using External Filter - MDO (144) with 0 Filter values along with other 2 built in filters
      
      
      𝗔𝗹𝗲𝗿𝘁𝘀
      
      Alerts can be created using Trading View's Alert Creation box by choosing one of the following Volatizer Conditions.
      
      
      • Long - Alerts when Bull signal is generated. Use Once Per Bar Close
        • Long Take Profit - Alerts when $ signs are plotted during Bull Zone. Use Once Per Bar
          • Short - Alerts when Bear signal is generated. Use Once Per Bar Close
            • Short Take Profit - Alerts when $ signs are plotted during Bear Zone. Use Once Per Bar
              • Test of Mean - Alerts when price tests the Volatizer Mean line. Use Once Per BarNote: The indicator doesn't repaint even though a potential repaint warning appears when creating alerts. This can be confirmed by doing bar replay with vertical lines at various lines and trend change zones to get confidence using the indicator. The vertical lines will stay in the same place on both current time and when running a bar replay.
                
                
                𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗩𝗶𝘀𝘂𝗮𝗹𝘀
                
                Visual settings like Colour scheme, Colour Bars, Fill Transparency and Initial Support/Resistance Linewidth can be adjusted/changed from the settings under Volatizer Visuals section.
                
                
                𝗛𝗼𝘄 𝘁𝗼 𝘂𝘀𝗲 𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗟𝗲𝗻𝗴𝘁𝗵 𝗮𝗻𝗱 𝗦𝗲𝗻𝘀𝗶𝘁𝗶𝘃𝗶𝘁𝘆 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗹𝘆
                
                1. As mentioned in the manual above, higher the length, longer the trend and higher the Risk:Reward ratio.
                
                2. Sensitivity affects the frequency of the signals in general. Low Sensitivity will generate less frequent signals and High Sensitivity will generate more frequent signals as the Sensitivity affects how quickly the Bands react to the price action.
                
                3. As a rule of thumb, it is recommended to use relevant numbers that seem to work well as Volatizer Length. These can be Fibonacci numbers like 5, 8 , 13, 21, 34, 55, 89, 144 etc. These can also be chart timeframe multipliers that relate to Higher Time Frame (HTF). For example, using 24 on 1hr chart will help see Volatizer Bands based on Daily volatility and momentum, 72 on 15m chart for 4hr trend and so on.
                
                ===================================================================================================================
                
                There are several combinations of settings that can be tested on the asset traded based on timeframe and risk/reward expectations. The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc.
                
                ===================================================================================================================
                
                Best Practice: Test with different settings first using Paper Trades before trading with real money
                
                ===================================================================================================================
                

2021年8月6日

版本注释

𝗖𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝗣𝗼𝗶𝗻𝘁 𝗻𝘂𝗺𝗯𝗲𝗿 𝟯

𝗛𝗼𝘄 𝘁𝗼 𝘂𝘀𝗲 𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗟𝗲𝗻𝗴𝘁𝗵 𝗮𝗻𝗱 𝗦𝗲𝗻𝘀𝗶𝘁𝗶𝘃𝗶𝘁𝘆 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗹𝘆

1. As mentioned in the manual above, higher the length, longer the trend and higher the Risk:Reward ratio.

2. Sensitivity affects the frequency of the signals in general. Low Sensitivity will generate less frequent signals and High Sensitivity will generate more frequent signals as the Sensitivity affects how quickly the Bands react to the price action.

3. As a rule of thumb, it is recommended to use relevant numbers that seem to work well as Volatizer Length. These can be Fibonacci numbers like 5, 8 , 13, 21, 34, 55, 89, 144 etc. These can also be chart timeframe multipliers that relate to Higher Time Frame (HTF). For example, using 24 on 1hr chart will help see Volatizer Bands based on Daily volatility and momentum, 𝟳𝟮 𝗼𝗻 𝟭𝟱𝗺 𝗰𝗵𝗮𝗿𝘁 𝗳𝗼𝗿 𝟮𝟰𝗵𝗿 trend and so on.

𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝘀𝗲𝘁𝘁𝗶𝗻𝗴𝘀:

1m chart with length 60 (1 hr)
5m with length 48 (4hr)
5m with length 36 (3hr)
Daily with length 14 (2 weeks)
4hr with length 18 (3 Days)