What is Price Journey feature?
- By FXT
- OCT 20, 2022
It displays the Change % through time or the Rolling Volatility of the preferred symbols in a graph. It’s a really useful tool because traders can check the correlation between these symbols. No more than 10 symbols are allowed to be selected.
You can select if you would like to view the Daily, the Weekly, the Monthly or a Journey from a specific custom starting and ending date.
In the above example we choose to view the Daily Price Journey of three symbols. USOIL, CAC40 and NETH25.
When we click the Calculate button, the following graph pops-up.
Each symbol has its own color in order to help us analyze the graph. We can see the starting line in a green color and the date of the selected starting point.
Below you can see an example where we selected three different assets to view their Rolling Volatility Journey. In the MT4 Rolling Volatility and Rolling Correlation have a new functionality where if you click on a symbol's name (or pair of symbols in the RC) you can see the mean and 2 standard deviation lines. It’s always calculated using daily data even if you choose to use a lower timeframe. (The D1 timeframe is the default and the best to use)
Starting Date: 2022.05.02
Tip: Click on the mousewheel in order to use the crosshair tool. It’s gonna help you see the values of a specific datetime.
MT4 version where we can display the mean and the standard deviation of each symbol by clicking on the symbol’s name.