Volatility Momentum End
The Volatility Momentum End (VME) indicator is designed to identify short-term changes in price direction. It works well for trend entries, exits, and trading ranges. The tool was developed by Northington Dahlberg Research and is only available in Optuma as an optional add-on module. Please visit the Tool Store to add to your copy of Optuma.
- “E” below signals that the recent price movement is likely extended, and will likely stop its fall and begin moving laterally, or reverse to higher levels.
- “E” above signals that the recent price movement is likely extended, and will likely stop its rise and begin moving laterally, or reverse to lower levels.
- VME signals provide high probability entry points for trending markets. They work in any timeframe; thus a higher timeframe can identify trend turning points in lower timeframes.
- VME signals provide probabilities for counter trend decisions. Reduce position size when the “E” appears above the candle. Then add to a position when the “E” prints below.
- VME signals are derived from the ND Research Volatility Based Momentum (VBM) tool. The VME signal is generated when short-term volatility extremes are reached.
- VME signals are displayed based on intrabar price action.
To add the tool to your chart, select the tool from the ND Research tool group, and left-click on the chart or indicator on which you wish to add the tool. Optuma will then draw the tool using the default settings.
Scripting Function: VME()
Actions & Properties
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Volatility Momentum End tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Volatility Momentum End tools in the chart, page or entire workbook to be updated instantly.
Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.
Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.
Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Volatility Momentum End to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structure Panel.
Symbol Size: Allows you to adjust the size of the Symbol. Moving the slider bar to the right increases the Symbol size.
Symbol Colour: Allows you to select the colour of the Symbol. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
Offset: Moves the tool forward or backwards in time. The offset is measured in bars, so a value of 2 will push the tool forward 2 bars and -2 will move the tool back 2 bars.
Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.
Visible: Un-tick this checkbox to hide the tool from the chart.
*Trading in derivatives, equities or any security carries substantial risk of financial ruin. While the methods provided by ND Research attempt to limit risk, risk cannot be fully mitigated by any strategy. It is critical that you understand your own tolerance for risk and operate within those boundaries. Unless you satisfy the criteria as a “Sophisticated Investor” or are a Professional in the financial industry, you must consult your financial adviser to determine if these tools are suitable for you.
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