Ultimate Volatility Expert is a system created based on ADM(Average Daily Movement). It is a system based on breakout trading and quite similar to Open range breakout trading. And here the breakout levels are decided based on the ADM movement. The credit goes to the system creator Mr Murali Krishna
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What is Average Daily Movement?
Average Daily Movement(ADM) is nothing but the average price movement of last N day (High-Low). And in Ultimate Volatility Expert ADM play a major role in deciding the Breakout and Target Levels.
How the Breakout Levels are decided?
Breakout levels are decided when the current price breaks above (prev day close + 0.382*ADM) level which generates the Buy Signal and when the current price break down below (prev day close – 0.382*ADM) levels generates the sell signal
Buy= C>((DayC)+((.382)*(ADM)));
Sell= C<((DayC)-((.382)*(ADM)));
How the Target is Decided?
BuyTarget1= (0.45*ADM)+BuyPrice;
BuyTarget2= (0.95*ADM)+BuyPrice;
BuyTarget3= (1.95*ADM)+BuyPrice;
SellTarget1= SellPrice-(0.45*ADM);
SellTarget2= SellPrice-(0.95*ADM);
SellTarget3= SellPrice-(1.95*ADM);
Risk Reward Ratio
1. low risk reward= 1:1 , Example: Target is minimum 1/2 ADM points and stop loss also same points (normal Profit)
2. medium risk reward= 2:1 , Example: Target is minimum 1 ADM points and stop-loss is 1/2 ADM points (good Profit)
3. high risk reward= 3:1 or above , Example: Target is minimum 1 1/2 or 2 ADM points and stop-loss is 1/2 ADM points
Left side of the window show Monthly, Weekly and Previous day High Low Levels, this levels are major Support and Resistance levels for trading,(PDH = Previous day High, PDL = Previous day Low, CWH= Current week High, 1WH= first week high CMH= current Month High CML= current Month Low etc.)
The System Creator recommend to set target & stop-loss levels with minimum 2:1 ratio, and also to lookinto the left side dashboard for major Trading levels. And the ideal timeframe for trading this strategy is 5min
Download Amibroker AFL code
Download the Ultimate Volatility Expert System – AFL code
Can u make this availabel for mt4
As of now we dont have any plans to replicate the same in MT4
Then do you have anything similar for MT4
One have to took his own time to put effort to build similar stuff! As of now we dont have similar stuff with MT4.
Dear Mr.Murali Krishna
A good input. The multiplier of 0.382 is okay for MCX ?
Parthasarathy,
You can Optimize the ADM multiplier using Optimization method. Prior to that you need to backtest the system.
Sir
Pls put backtesting report for above AFL. Is it better than Super Trend (7,3) ?
I think this is already there from smartfinance.
Not sure about it. Concept is simple but looks powerful!
I WANT TO LEARN HOW TO WRITE AFL CODES IF WE HAVE THE LOGIC. CAN YOU SUGGEST ANY ONLINE COURSE? CAN ANY OF BLOG MEMBERS HELP?
As of now iam not concentration on tutorial on How to do afl code. I will be available in my workshops in the future.
hi,
i want to about know the white line on intra day levels. can i treat as a sl for long or short position.
Stop loss is 0.5 of ADM and you can vary it depends upon your ability to take risk.
No trade if the stock is trading between buy trigger & sell trigger?
sIR
Is it better than Super Trend Indicator ?
Dear Rajan,
I need the scanner for the above AFL for signals.
Buy= C>((DayC)+((.382)*(ADM)));
Sell= C<((DayC)-((.382)*(ADM)));
regards
Dear Rajandran and Murali Thanks. Both of you are rocking by doing selfless service to the small retails traders like me. Keep it up. May God Bless You
hi rajendran, thanks for sharing my afl in this site, small correction in this review 2nd paragraph, about ADM, i received this word from (www.dynamiclevels.com), so read that subject and re post that paragraph, it very useful for your viewers.and Would be nice if you write a comment on the site(www.wisestocktrader.com) from where it has attained.
Thanks
Murali Krishna
Hi Murali,
What correction needs to be made? Can you brief?
dear rajandran
i am follower of sir illango and your website, but unfortunately so far i have not come across single afl which support good elliot wave method as explained by robert beckham and also not a good afl to give good results in commodities market. may be my expectations are too high as i know its lot of hard work but still i would appreciate if somebody can come up with some great afl which suppot both the markets and can help all the traders or if you can come up with some special software that will also be appreciable.
regards
aditya jain
Mr Rajandran
I want your inputs on my strategy. Can you give me your email id
hi,
can you give an afl…to point inside and outside candles in intraday day chart
Dear Rajandran sir
Kindly murli sir mail id .I am using his indicator.I want just support with them.Or if u can then i will send u by mail.Plz sir send quick
Regards
saim
Hello Rajandran sir,
Can you tell me how to backtest this indicator?
I am using amibroker 5.7. I tried to backtest it but i cannot see anything.
Thanks
dear sir,
thanks for give the details ‘Ultimate Volatility Expert ‘. i nee muralikrishnan mail id. i am new comer for commodity. can u pls tell the performance ratio for commodity like crude, copper, lead,
Dear Rajan/Murali
Is it possible to change he color of candles to Normal Green & Red for Bullish & Bearish Candles instead of Blue/Red & White candles..Please mail me on [email protected].
Regards