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Partner 728x90
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NinjaTrader
Variable Index Dynamic Average (VIDYA)
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Thanks Elliott. I load the indicator up but it does not seem to be the VIDYA I'm looking for. The VIDYA you provided is an oscillator. I'm looking for the VIDYA that is a moving average that automatically adjusts its speed based on market volatility. Attach a link to what I'm refering to. http://qtstalker.sourceforge.net/vidya.htmlLast edited by tjendra; 04-06-2009, 09:28 PM.
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there is a better VIDYA
unless i'm mistaken, the NT version is based on StDev. the improved version uses a dimensionless market value that ranges from 0 to 1. checkout pg 58 of the book by Chande & Kroll. you can use ANY oscillator to calculate VIDYA so long as it is dimensionless and varies from 0 to 1. personally, i use R Squared. with this i can use a 1000 period moving average that will compete with and frequently beat a 10 period moving average. the reason i don't post this improved indicator is that it cost me $hundreds$ to have coded by one of the NT certified script consultants.
in my experience, any time the VIDYA is offered in a software program, it's the StDev version. any one familiar with fractals or madelbrot knows that prices are not normally distributed. like i said at the top, there is a better VIDYA available.
why i point this out now is because, i'm currently in development of even better and more reliable volatility indicators. for all those not already in "the know" this improved VIDYA will certainly improve your results.
for all those not familiar with the wonders of VIDYA, too bad for them. happy trading!!
JM
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Originally posted by johnnymustard View Postunless i'm mistaken, the NT version is based on StDev. the improved version uses a dimensionless market value that ranges from 0 to 1. checkout pg 58 of the book by Chande & Kroll. you can use ANY oscillator to calculate VIDYA so long as it is dimensionless and varies from 0 to 1. personally, i use R Squared. with this i can use a 1000 period moving average that will compete with and frequently beat a 10 period moving average. the reason i don't post this improved indicator is that it cost me $hundreds$ to have coded by one of the NT certified script consultants.
in my experience, any time the VIDYA is offered in a software program, it's the StDev version. any one familiar with fractals or madelbrot knows that prices are not normally distributed. like i said at the top, there is a better VIDYA available.
why i point this out now is because, i'm currently in development of even better and more reliable volatility indicators. for all those not already in "the know" this improved VIDYA will certainly improve your results.
for all those not familiar with the wonders of VIDYA, too bad for them. happy trading!!
JM
The modified indicator is attached.
I have also attached a chart comparing the VIDYA(CMO) to the VIDYA (RSquared).Last edited by Harry; 12-15-2013, 05:05 AM.
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