In “High volatility and market turns” in this issue, William
Brower uses a historical market lookback to show how
volatility readings can help predict turns in the market. The
indicator he presents, volatility%, is used to analyze the true
range of the Dow Jones Industrial Average (DJIA), and thus
compare the historical market with today’s market.
In MetaStock for Windows, you can easily recreate the
volatility% indicator from Brower’s article. First, choose
Indicator Builder from the Tools menu in MetaStock.