Chaikin's Volatility Indicator question?

I have not found any signifigant methods or setups for the Chaikin Volatility indicator. You have the typical general definition that it shows volatility etc.. I am looking for any information on the way of applying it with any trading rules.

I like to use volatility as a variable in trading- but this is regulated to the bollinger squeeze setups and NR7 or narrow range bars that show volatility slowing. Most of these setups provide for rules that slow volatility begets higher volatility and vice-versa.

If you notice in the pic that the chaikin volatility indicator(10 and 6 period) does a very good job signaling a breakout on the first 3 major signals. However, it does not provide any signalling on the final breakout!

Many trading authors explain how it is unwise to trade with many similar indicators. that being RSI, MACD, CCI, Stoichastics, they are all basically oscillators and it is redundant to fill up your screen with the same style indicators. As far as I can tell the Chaikins volatility indicator is not an oscillator? So far as adding this indicator to some setups would not be "redundant"?

Anybody trading with the Chaikins Volatility Indicator- or happen to notice, like I have, that like stoichastics, there happens to be visible cycles of volatility in price?

I wonder if the different states of trend/range effects signals with this indicator- much like its effect has on other indicators?

Any thoughts?

Rippy

Chaikin recommends using it with a moving average or band system. It's also possible to draw trendlines across the flat parts of the indicator and look for a breakout, but it's best not used as a standalone indicator. That's about the only ways that I've seen it used.

PipRippy,
by chance do you have a mq4 indicator for the nr7 you referred to?
Thanks!

The NR7 is just a price pattern that I picked up from various sources. I think the actual name comes from Farley's Master Swing Trader.

It stands for Narrowest Range Bar Last 7 Bars.

Basically a very wide bar with several small bars engulfed by the first big wide bar. Basically a signal for low volatility- that a breakout in price is impending. I see traders mention NR7 when the pattern might only have 3-4 bars engulfed instead of 7 bars.

I wish that a indicator might be made that would highlight price when this setup occurs. I am sure that it could be programmed because many candlesticks patterns are done etc..

Sorry,

M Rippy

I've made posts requesting the indicator all over since last weekend and have no luck yet but will keep you updated if I get one.

this is about the most accurate indicator used to gauge volatility,pls can any one help post a link to download this indicator......and is it an mt4 or mt5 indicator?

here it is.

Thank you(f4mnect) for the link,that's very kind of you

Does anyone have a link or File for Histogram version of Chaikin Oscillator for MT4?

Thanks in advance

Also, I am looking for the Chaikin Money Flow with a histogram for Metatrader 4.
Do you know where I can find it?
Thank you

You can find one histogram Chaikin Money Flow Indicator in this tutorial.