The indicator shows horizontal bars representing candle bodies with chosen index (TrackedCandleIndex). On the other hand, a symbol with the same volatility but an efficiency of 75% is much more desireable: it means the symbol is volatile and that 75% of that volatility translates into sustained price movement. No price move means no profit (and no loss). For instance, a symbol with a volatility of 10% but an efficiency of 0% would mean that the symbol is suffering tremendous price movements, but closing prices would be the same each day: not so good. The efficiency measures how much of the absolute price movement translates into efficient price movement. That's why the efficiency value is displayed as well. But volatility alone can be deceiving: maybe an instrument is moving a lot but going nowhere. The most volatile symbol at the time will be displayed at the top. Bollinger Bands are a widely used technical indicator that can help identify trends and serve as an indicator of volatility. ![]() The indicator dashboard displays the most attractive symbols, ordered by descending volatility. To scan all the symbols your broker offers, make sure to display them all. The indicator iterates all symbols present in your Market Watch, to find the most attractive to trade based on volatility and efficient price movement.
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