The Volatility Strength indicator is part of a series of indicators used to characterize the current market situation.
Almost any strategy works only under certain market conditions.
Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.
Volatility Strength is an indicator used to characterize the volatility of an asset:
- high volatility
- average volatility
- low volatility
Volatility Strength Information displays easy-to-read information about the volatility of an asset.
- HighLevel: a level considered high volatility
- LowLevel: the level considered low volatility
You can use these parameters to make adjustments to the indicator and increase or decrease the sensitivity of the indicator.
The indicator can be used with any asset class: Forex instruments, stocks, commodities, futures.
The indicator can be used on any timeframe.