This video explains a better method of computing volatility which has several advantages over the more tradition methods such as average true range. This method computes the expected volatility at each bar based on the average range of bars at the same time of day over the previous 20 days. Instead of relying on the previous 20 bars to predict what will happen on the next bar, it uses the same time period over the past 20 days to do so, avoiding the major pitfall of possibly using low range overnight bars to compute volatility of the first bar of the day session or vice versa.
Compares the Cumulative Volume Intraday to the Average Cumulative volume of the last X number of sessions.
This webinar covers the following topics:
This video details how to use a combination of the MPD and Session Statistics Indicators to plot the overnight high and low historically on a day session chart. It also documents a more complex requirement of plotting the high and low of a subset of the overnight period (1am to 8:30am ET) on a day session chart.
This video demonstrates a new Stepped Blocks drawing style for the Price Bands Indicator which allows user to draw retracements and multiples between any two prices historically. This is a very powerful feature especially when combined with the flexibilty of the Session Statistics Indicator to compute key prices of various durations.
This video demonstrates various uses for the Session Statistics Indicator, including average volume or range of each bar or time period, and plotting the highest high / lowest low of first x bars/minutes.
This chart contains buttons that Toggle the Open, High, Low and Close of the Session.
This chart demonstrates Investor/RT's ability to compare todays current volume in Black with the past Average Volume for that exact time period over the last 20 Days. The black histogram is simply a Volume Indicator showing the volume for each candlestick. The burgundy histogram is the average volume for that time period over the last 20 days. The green Histogram is the Relative percent (over or under) of Average.
