Volatility Percentage Index
The article by Rajesh Kayakkal in this issue, “Volatility Percentage Index”, demonstrates the Volatility Percentage Index that tells you how early bear phase signals can help to get out of the market before it turns down.
Using Tradecision’s Strategy Builder, one needs to create the VOLATILITY PERCENTAGE INDEX (VPI) strategy:
Entry Long:
var
VPI:=0;
x:=#;
end_var
VPI:= AvgTrueRng(64)/close * 100;
return VPI < x;
Entry Short:
var
VPI:=0;
x:=#;
end_var
VPI:= AvgTrueRng(64)/close * 100;
return VPI > x;
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Download to import into Tradecision. 
How to use this indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
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