Based on TradingView's Historical Volatility, it creates an oscillator using the 52 week's HV high and low. Exactly like IVR does to IVx.
Release Notes:
Changing HVR unit to weeks, just like IVR
Release Notes:
Minor corrections
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.