Original Idea by Invsto

In this indicator, I explore the core concepts of RSI and extend it with smoothening to determine volatility.


LIME/GREEN : High Volatility and BULLISH trend

RED/FUCHSIA : High Volatility and BEARISH trend

GRAY: Low volatility/Potential Chop Zone

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.


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