Bermaui Deviation Percent — Indicator by ImNotHere213

volatility oscillator volaitilty bermaui

How it works

Red & Under 90 = Bearish Volatility
Blue & Under 90 = Bullish Volatility
Red & Under 10 = Strong Bearish Volatility
Blue & Under 10 = Strong Bullish Volatility
White & Over 90 = No Volatility (Indicating trendless chop)

I tried uploading this months ago but was banned or something from doing so.

originally created by Muhammad Elbermawi

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.

Want to use this script on a chart?