OPEN-SOURCE SCRIPT
Volatility Channel
This script is based on an idea I have had for bands that react better to crypto volatility. It calculates a Donchian Channel, SMMA-Smoothed True Range, Bollinger Bands (standard deviation), and a Keltner Channel (average true range) and averages the components to construct its bands/envelopes. This way, hopefully band touches are a more reliable indicator of a temporary bottom, and so on. Secondary coloring for strength of trend is given as a gradient based on RSI.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.