Volatility Chart
Are you targeting instruments with stable prices or looking for those with higher price fluctuations? OANDA’s Volatility Chart tool will help you find the instruments you’re looking for. With three data modes for historical volatility, our Volatility Chart Tool will help you hone and refine your trading strategy.
Note that the prices and instruments in this tool refer to the product offerings of OANDA self-funded trading accounts. The data can be used by OANDA Prop Trader Challengers and Signal Providers for educational purposes only
The OANDA Volatility Chart tool gives you the information you need on historical price ranges (or price fluctuations). These historical price ranges can be used in conjunction with other indicators to get a feel for the market.
Our tool provides three data modes for historical volatility, expressed by the difference between the lowest and highest mid-prices for each instrument. Our calculations use the daily breaks based on the end of the trading day at 17:00 ET, with weekends excluded.
Trends in a fluctuation range
Daily mode
In this mode you can compare how the volatility of an instrument changes on a daily basis for either the last month or the last three months. The daily prices are calculated as the difference between the highest and lowest mid-prices for a given day.
For example: the value of 10 Pips for 21/08 means that during that particular day (up until 17:00 ET), the difference between the highest price and the lowest price was 10 pips.
Hourly mode
Some instruments may exhibit different levels of volatility throughout the day – for example, an instrument may be more volatile in the afternoon than in the morning. This mode lets you compare the average price volatility on an hourly basis for the last five or ten days (please note that the hours are displayed in UTC).
We use a two-step process to calculate the hourly price ranges. First, we take the price difference (the highest mid-price minus the lowest mid-price), and then we count the average for the selected time period.
As an example, selecting 5D and seeing 10 Pips for the 15:00 bar means that the average volatility for 15:00 UTC based on the last five days is 10 Pips.
Weekly mode
You may find that the performance of a particular instrument is dependent on the day of the week. That’s where the Weekly Mode comes in. This mode will give you an insight into the historical price volatility for individual days of the week, excluding weekends.
This is calculated as the average price difference (highest mid-price to lowest mid-price per day) for either a five-week or a ten-week period. If, for example, the 10W period is selected and displays a value of 10 Pips for Monday, that means that the average volatility of that instrument on Monday is 10 Pips, based on the last ten Mondays.
