This script is a way to plot the ratio of short-term and long-term volatility. If the ratio is below 50% for a short/long term HV, we know that the market has the potential to make a large move as the volatility reverts back to its mean.
Credit to Dave Landry for this idea. Seems to be a nice predictor after looking at many breakouts after a pullback.
Great work making an indicator from Linda Raschke and Lawrence Connor's Hvol strategy. Would it please be possible to put a threshold line at 0.5?