An introduction to the dynamic volatility indicator for NinjaTrader
In this video we explain the principles behind the volatility indicator for NinjaTrader and why so many traders get trapped on the wrong side of the market when volatility occurs.
The dynamic volatility indicator is the perfect solution as it signals this volatility, using average true range. The indicator is constantly scanning the price action for extremes, and when they arrive, are signalled on the chart with a purple arrow, above and below the candle. This is a warning signal to stay out. If the signal is validated on the next or subsequent bars with a close well above (or below), then it’s safe to consider a position.
The dynamic volatility indicator works in all timeframes from tick to seconds and from minutes to months, and whether you are a scalping intraday trader, a swing or trend trader, is the perfect indicator for keeping you on the right side of the market once volatile price action appears on the chart.
Dynamic volatility indicator for NinjaTrader in action
In this video we take a look at the dynamic volatility indicator for NInjatrader in action. Here we look at several examples in the spot forex markets, where volatile price action has triggered the indicator. In particular we explain how to use the indicator to decide whether to stay out of the market, or whether it is safe to take a position once the volatility has calmed.