OPEN-SOURCE SCRIPT
Volatility Percentage Indicator
This simple indicator plot 11 lines in the chart at prices that correspond to -5%, -4%, -3%, -2%, -1%, 0%, 1%, 2%, 3%, 4%, 5%, referred to realtime price.
So the lines will move with the price.
The indicator is intended to give an at-a-glance information on price volatility by comparing the amplitude of the last candles with the percentages above.
So the lines will move with the price.
The indicator is intended to give an at-a-glance information on price volatility by comparing the amplitude of the last candles with the percentages above.
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 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.