Volatility Based Swing Overlay with…

Optuma Forums Optuma Feature Requests Volatility Based Swing Overlay with…

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  • #67845
    Edward
    • Topics: 12
    • Replies: 8
    • Posts: 20

    Is it possible to have a swing overlay similar to gann swing, point swing and percent swing using the volatility swing function so that we can utilize swing trend function, colors based on trend, labels, etc.? This would help to identify important characteristics across multiple securities that exhibit different volatility by using ATR as an input in watchlists and make the display better than the current volswing overlay.

    #67849
    Matthew
    • Topics: 5
    • Replies: 631
    • Posts: 636

    Hi,

    We already have a Volatility Swings overlay tool available in Optuma:

    https://help.optuma.com/kb/faq.php?id=474

    It can be set to display as Point to Point, or Boxed, the same way the GSO, etc can.

    #67861
    Edward
    • Topics: 12
    • Replies: 8
    • Posts: 20

    Hi Mathew:

    Thanks for the quick reply!  The volatility Swing overlay lacks some of the functionality of the other swing overlay tools (Gann, Points and Percentage) that are extremely useful such as labels with all the data (number of bars, number of days, percentage move…), being able to color code or use in a watchlist for “trend”, etc.  As an example- we are unable to use this tool as was mentioned in the recent Blog posts like the following:

    //Set Swing Criteria;
    S1 = GANNSWING(SWINGCOUNT=3, METHOD=Use Next Bar);
    //Determine Trend and Direction;
    T1 = SWINGTRENDUP(S1) and CLOSE()>0;
    D1 = SWINGUP(S1) and CLOSE()>0;
    //Calculate rank values;
    IF(T1 == 1 and D1 == 1, 3, IF(T1 == 0 and D1 == 0,0, IF(T1 == 1 and D1 == 0,2,1)))

    This would be very nice to have- I’ve attempted coding using the Volswing function but data cannot be extracted to create swing trend, bar and day counts, etc…

    #67865
    Darren
    • Topics: 70
    • Replies: 873
    • Posts: 943

    Thanks Ed – the overlay tool doesn’t have the labels but it should work in the formula. Change the first line to S1 = VOLATILITYSWINGS(); to calculate the vol swing rank using trend and direction (based on the default 4 x 10 ATR settings).

    Capture

    1 user thanked author for this post.
    #67867
    Edward
    • Topics: 12
    • Replies: 8
    • Posts: 20

    Thanks Darren!  I did that but changed the ATR parameters before running it and got an error message.  Just tried it without changing ATR parameters and works perfect! Now that its loaded I can change them… (Also the possibility I forgot the ; in my first go around or something dumb. lol )   Still would be nice if y’all added the complete labels to Volatility Swings indicator if anyone has time to do so…

    1 user thanked author for this post.
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