Support Board
Date/Time: Thu, 23 Jan 2025 00:11:47 +0000
Post From: New Study request Interval Volatility Bands
| [2018-10-24 03:34:48] |
| User360283 - Posts: 506 |
|
this should help OS == oversold OB == overbought IVP = Interval Volatility Bands: from the creator of IVP (i wish i could take the credit ;) but this is something i stumbled across by chance): //This is an experimental study that utilizes Volume Weighted Average Price or Time Weighted Average Price calculations, Bollinger Bands, and Fibonacci numbers to estimate volatility over a specified interval. //First, the basis is calculated by selecting: // -VWAP, which has the option to be calculated using real volume or tick volume // -TWAP, which has the option to be calculated using the standard method or exponential method //Next, standard deviation from the basis is calculated and multiplied by a specified expan sion coefficient. The result is then added to and subtracted from the basis to calculate the high and low bands. //There are three band calculation methods to chosse from in this script: // -Standard, which uses the default calculations // -Average, which takes a cumulative average of standard deviation // -Hybrid, which takes the maximum of the standard and average standard deviation methods //Lastly, the high and low band ranges are multiplied by Fibonacci Percentages 23.6 - 78.6. |