OPEN-SOURCE SCRIPT
⚠Volatility - [MarktQuant]
This Volatility indicator helps traders visualize how volatile the market is by using color codes to indicate different levels of volatility.
Inputs and Settings:
- The number of past data points to consider (default is 20).
- Option to color the bars on the chart.
- Option to color the background of the chart.
Calculations:
- Measures the total amount the price has changed over the specified length.
- A smoothed average of the volatility over a long period (1095 data points).
Color Coding for Volatility Levels:
- Very Strong Warning (Red): Very high volatility.
- Strong Warning (Orange): High volatility.
- Noticeable (Yellow): Moderate volatility.
- Mild (Lime Green): Slight volatility.
- Very Mild (Green): Very slight volatility.
- Strong Warning (Blue): Low volatility.
Visual Indicators:
- Bar Colors: Colors the price bars on the chart according to the volatility levels.
- Background Colors: Colors the background of the chart according to the volatility levels.
- Legend Table: Shows a legend on the chart explaining what each color represents in terms of volatility levels.
This indicator helps traders quickly understand the current volatility in the market and make informed decisions based on that information.
Inputs and Settings:
- The number of past data points to consider (default is 20).
- Option to color the bars on the chart.
- Option to color the background of the chart.
Calculations:
- Measures the total amount the price has changed over the specified length.
- A smoothed average of the volatility over a long period (1095 data points).
Color Coding for Volatility Levels:
- Very Strong Warning (Red): Very high volatility.
- Strong Warning (Orange): High volatility.
- Noticeable (Yellow): Moderate volatility.
- Mild (Lime Green): Slight volatility.
- Very Mild (Green): Very slight volatility.
- Strong Warning (Blue): Low volatility.
Visual Indicators:
- Bar Colors: Colors the price bars on the chart according to the volatility levels.
- Background Colors: Colors the background of the chart according to the volatility levels.
- Legend Table: Shows a legend on the chart explaining what each color represents in terms of volatility levels.
This indicator helps traders quickly understand the current volatility in the market and make informed decisions based on that information.
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.
🔍 Access Investing Strategies & Indicators
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
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.
🔍 Access Investing Strategies & Indicators
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
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.