OPEN-SOURCE SCRIPT
AVWTR (Average Volume Weighted True Range)
Updated
A better tool to measure market volatility. The true ranges are weighted by the volume and averaged through the specified period.
Release Notes
Rolling Max and Min has been added to be able to compare volatility recent high and low.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.
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