Function Overview

It would be helpful to know in advance the approximate price range of the market in a day before trading.Wouldn't that be a relief? This indicator visually displays a bar that says, "The price is moving within this range in a day. The indicator visually displays the range of price movements in a day as a bar. It is very important to avoid taking the high/low price when the daily price range is approaching its limit, or taking the high/low price when the daily price range is approaching its limit, or taking the low/low price when the daily price range is approaching its limit. You may enter too early/take profits when there is still plenty of room to move. "Wait a minute!" The criteria for making a "Wait a minute! I think it can also be a good thing. You can choose to calculate the price range as either a simple average of the price range over the past 20 days (difference between the daily high and low), or as the ATR value of the previous day. ATR value of the previous day.

Actual Screens

This is a selection of some screens after the daily finalization on Friday, October 23, 2020. Every currency pair is The day's volatility is within the average volatility range. Please note that the price of each currency pair is the same as the average of the previous day's price. (Please note that this is only a comparison to the average, so it does not always fit well as shown in the image below.)

USDJPY
GBPUSD

GBPAUD
GBPUSD ■EURUSD

EURGBP
AUDUSD

In the image above, the ratio is approximately 80% to 120% of the average. The color of the bar may be pink or red, but the color changes according to the ratio of the day's volatility to the average volatility.

Screen Structure

Explanation of each part

1) Average Volatility 　　Displays the value range of the average volatility in the form of a bar. 　　The average volatility is the average of the daily highs and lows over the past n days (20 days by default, not including the current day). The average volatility is the average of the daily highs and lows over the past n days (20 days by default, not including the current day). 　　The color of the bar changes depending on the percentage of today's volatility relative to the average volatility (see below). Volatility Information 　　Today: Today's volatility (high - low). 　　　　　　When the bar is less than 80% of the average volatility, it is white; when it is between 80% and 100%, it is yellow; and when it is 100% or more, it is red. 　　　　　　When it is more than 100%, it is displayed in red (color can be changed by setting). 　　Average ratio: Indicates the percentage of today's volatility relative to the average volatility. 　　The previous day: The volatility of the previous day (high - low). 　　Average: Average volatility. This value is used for the bar range. Clicking on the average volatility bar toggles between display and non-display. (In the default setting). (3) Guide 　　Guide lines are displayed above and below the bar to make it easier to visually understand the range of average volatility. 　　Can be set to show or hide (at default setting). Today's high price / Today's low price 　　Draws horizontal lines at today's high/low prices. Price values can also be displayed by setting. Clicking on the average volatility bar toggles between display and non-display. (In the default setting).

About the color of the bar

The color of the bar changes depending on the ratio of today's volatility to the average volatility (The color can be changed in the settings) Green" when today's volatility is less than 80% of the average volat ility

Pink" when today's volatility is more than 80% of the average volatility

Red" when today's volatility is more than 100% of the average volatility

Main Usage

To get the most out of this indicator, start with The entire bar is displayed on the screen to get a sense of the price range. If you use the separately sold indicator " zz_MT4plus (sold separately), the indicator can be displayed on the screen with a single click of the [Fit] button.

1. adjust the chart so that the entire bar fits in the screen

1. Right-click on the chart to display its properties, check "Fixed Scale" in the "General" tab, and click the "OK" button. 　　[Click the "OK" button.

2. Drag the scale on the right edge of the chart up and down with the mouse to adjust the vertical size of the chart so that the edge of the bar is within the screen. 　　Adjust the vertical size of the chart so that the edge of the bar fits within the screen.

　　Does it fit on the screen? The height of that bar is the average daily price range!

2. Trade with average volatility in mind

The trade is made by comparing the price range of today's high and low to the price range of the average volatility. Unless there is a major event or a violent market, it is usually the case. Trade with average volatility in mind The daily price movement fits within the range around the average volatility. This may be the case in many cases.

■ If there is still room for today's volatility to reach the average There is a possibility that the price may still move during the day. ... can be considered. 　　For example, even if the price range is only 50% of the average until NY time, it may close the gap at once at the London fix. ■If today's volatility is close to or exceeds the average Isn't this area the limit of today's price range? 　　Should we close the trade or forego a new position? 　　... and so on. 　　If it goes over the average too strongly, there is a possibility that it will just blow away. 　　Please judge on a case-by-case basis. Today's volatility has reached the average, so reverse the trend in anticipation of a reversal. 　　It is possible to use the average volatility as one of the factors in making a decision, but it is a weak basis to use only this one factor. 　　Various support lines, etc. Please take other conditions into account when making your decision. Please give us the following information.

Setting Parameters

平均ボラティリティの値幅を示すバーをチャート上に表示