loxx

Jurik Volty [Loxx]

loxx Premium Updated   
Jurik Volty is a non-directional measure of volatility . Green means highly volatile despite price direction, gray means low volatility . This indicator can be used to detect trending or sideways markets.

What is Jurik Volty?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.

Parameters are simple:
-Volatility period
-Price

There are no other parameters used by this indicator.

PS: Don't forget, this indicator is not directional! The color change is showing periods of elevated or low average volatility--not the expected direction of market prices.

Included
-Toggle bar color on/off to show zones of high/low volatility
Release Notes: Updated algorithm
Release Notes: Updated formula

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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