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Dynamic volatility indicator for TradingView
Check out the indicators at https://www.quantumtrading.com Risk Disclosure: https://goo.gl/nnmrwP TESTIMONIAL DISCLOSURE: TESTIMONIALS APPEARING ON QUANTUM TRADING MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS OR CUSTOMERS AND IS NOT A GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS.
If you’ve ever wondered why so many traders get trapped in weak positions on the wrong side of the market, the reason is very simple because this is when the market makers are at their most active driving a market rapidly in one direction, before reversing just as quickly. Traders are left stranded having initially chased the price on the fear of missing out, only to be left stranded in a weak position or stopped out and regretting this hasty decision.
So what’s the solution.
And here again, its very simple, as this is where the Quantum volatility indicator for TradingView steps in. The Quantum Dynamic Volatility indicator signals this volatility in real time as a candle or price bar is forming. The indicator does this by constantly scanning the price action for extremes and any move outside the average true range. When this condition is met it’s signalled on the TradingView chart with a magenta arrow which appears above and below the candle. But this happens in real time and before the candle has closed. And as you would expect, the indicator works in all markets and timeframes.
So, how does this help traders?
Again the answer is very simple, as what often occurs after such a move is the price action reverses to trade back inside the spread of the candle or bar, and those traders trapped in weak positions are squeezed emotionally and eventually close positions at a loss. Volatility is generally a trap move which is why price action reverses. So as soon as the signal is triggered you can anticipate congestion within the price spread of the candle or perhaps a reversal, and close out any position so avoiding the uncertainty of holding through a congestion phase. Once the price action has moved away from this region, then it’s safe to consider entering the market.
But if you already have a position and the volatility indicator is triggered, you have a decision to make, but at least you can anticipate what is likely to happen next and plan accordingly.
Volatility can seriously damage your wealth but by investing in the Quantum Dynamic Volatility indicator now, can save you both emotional and financial pain so it makes sense to add this indicator to your toolkit of leading edge indicators today for the TradingView platform.