A Volatility Based Oscillator Indicator for Traders

Steve Roehling
Jan 17 · 6 min read

A Volatility Based Momentum Oscillator

movingAvgPeriod = 9
atrPeriod = 66
moveAvg = ema(close,movingAvgPeriod)
normalizationATR = atr(atrPeriod)
closeVsMA = close-moveAvg
volatilityBasedCloseVsMA = closeVsMA/normalizationATR
lowVsMA = low-moveAvg
volatilityBasedLowVsMA = lowVsMA/normalizationATR
highVsMA = high-moveAvg
volatilityBasedHighVsMA = highVsMA/normalizationATR
plot(volatilityBasedCloseVsMA,color = blue,title="Close vs MA")
plot(volatilityBasedLowVsMA,color=gray,title="Low vs MA")
plot(volatilityBasedHighVsMA,color=gray,title="High vs MA")

Applicability of VBMO

Examples

Summary

Steve Roehling

Written by

Interested in systems, software, investing, trading, writing, drumming, and photography. https://sroehling.com

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