It is indicator for average percent range (range from high to low of stock/index price) of N days, This will help to find high percentage moving stock/index for intraday.
TIMING ENTRIES IN VOLATILE SESSION (FOR INTRADAY) :- * There is lot of noise when we stare chart. For that just find a timeframe in which we can observe swings easily. * BACKTESTED TIMEFRAME FOR - For Indian markets = 15 min / For Forex = 1 hour Indicator length = 14 * Now only after every dip in the indicator plan your entries as per price action. * Because dip in indicator shows candle size bacame smaller & when it will go sidewave or rise up, there will be big sized candles coming means high volatility. * By only planning after this dips you will see great results as it will help to avoid on volatile session. * This rule is very useful in OPTION TRADING where MOMENTUM trades are required to avoid decay of premiums.
vaibhav1409
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Just use this indicator in DAILY timeframe. You will be able to see if % is higher than 2%, that stock is highly volatile, if you are better in price action & risk management, you will get better risk reward in these stocks for intraday. Only select high volumed stocks.
* There is lot of noise when we stare chart. For that just find a timeframe in which we can observe swings easily.
* BACKTESTED TIMEFRAME FOR - For Indian markets = 15 min / For Forex = 1 hour
Indicator length = 14
* Now only after every dip in the indicator plan your entries as per price action.
* Because dip in indicator shows candle size bacame smaller & when it will go sidewave or rise up, there will be big sized candles coming means high volatility.
* By only planning after this dips you will see great results as it will help to avoid on volatile session.
* This rule is very useful in OPTION TRADING where MOMENTUM trades are required to avoid decay of premiums.