Gold Customer
Joined: 5/14/2006 Posts: 3

I am trying to write the opposite of the 'Volatility Stop', to write an indicator in TC2000 v18 that will display on my charts an optimal entry order price based on recent price volatility, Long or Short.
The Volatility Stop is handy, I just need it to work in the other direction. I hope that makes sense.

Worden Trainer
Joined: 10/7/2004 Posts: 63,971

I really couldn't help you create this without some sort of more concrete description of the math or algorithm behind the indicator you are trying to create.
I mean if the algorithm is essentially the same, then you already have built in entry points if you just think of the long stops as the short entries and the short stops as the long entries.
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Gold Customer
Joined: 6/30/2017 Posts: 1,144

That's actually an interesting idea.
The algorithm for the Volatility Stop does exist on the interwebs at https://www.linnsoft.com/techind/volatilitystopvstop.
That said, I'm pretty sure it's not PCFable, so I'm not sure if anything can be done.
You might be able to plot a 1period moving average of the VolStop, and do something with that.
What exactly, I'm not sure ... today's sugar & caffeine doses are both wearing off right about now.

Gold Customer
Joined: 5/14/2006 Posts: 3

Thanks guys,
I wrote some code for this years ago (on another platform) but cannot find or remember it!
It seesm to me that it might work on TC2000 v18 if I were able to enter a negative value in the Volatility Stop True Range Muliplier?
Using the opposing values (Long Stop as Short Entry and vice versa) does not give a workable value if the predominant trend is already in place and I'm looking to trade a breakout from a consolidation phase.
A quick current example could be AAPL. I like to factor recent price volatility into target entry prices.
Thanks.

Worden Trainer
Joined: 10/7/2004 Posts: 63,971

You can't change the sign of the True Range Multiplier in the ATR indicator (OK, you can, but it won't plot).
You could play around with really simplistic versions of this sort of thing.
MAX(MAXC5  2 * ATR20, 10)
MIN(MINC5 + 2 * ATR20, 10)
The formulas don't switch based on the trend and aren't going to line up exactly with the Volatility Stop most of the time, but use similiar but simpler concepts.
What these formula do allow you to however is to overlay them into the same pane and scale as price using Custom PCF Indicators and then play around with things.
For example, try changing the  to a + in the formulas. Try replacing C with H or L in the formulas. Instead of having both items be MAX or MIN in the formulas, mix them up. You can also change the 2, 5, 10, and 20 to different settings.
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Gold Customer
Joined: 5/14/2006 Posts: 3

QUOTE (Bruce_L)
You can't change the sign of the True Range Multiplier in the ATR indicator (OK, you can, but it won't plot).
So I found!
QUOTE (Bruce_L)
You could play around with really simplistic versions of this sort of thing.
MAX(MAXC5  2 * ATR20, 10)
MIN(MINC5 + 2 * ATR20, 10)
The formulas don't switch based on the trend and aren't going to line up exactly with the Volatility Stop most of the time, but use similiar but simpler concepts.
What these formula do allow you to however is to overlay them into the same pane and scale as price using Custom PCF Indicators and then play around with things.
For example, try changing the  to a + in the formulas. Try replacing C with H or L in the formulas. Instead of having both items be MAX or MIN in the formulas, mix them up. You can also change the 2, 5, 10, and 20 to different settings.
That's very cool Bruce  thanks a million!

Worden Trainer
Joined: 10/7/2004 Posts: 63,971

Some additional notes. There are things you can do with two lines that aren't possible with just a single line.
You can look for the lines to cross. You can look for if price is between the lines or above or below both of the lines.
And it is possible to make switched versions of these sorts of indicators. which choose between which line to plot. I am just not sure it is actually worth the effort (specially since it will only get plotted in a single color).
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