Daily Risk Range — Indicator by jwammo12

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This was inspired by Hedgeye's Risk Ranges product and calculates daily risk ranges for assets. It uses volatility , the volatility of volatility , the skew of volatility and price to calculate a range that can be used for entries either long or short.

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Release Notes:

update volatility to percentages for increased percentages particularly during extreme moves

Release Notes:

changes to use a more precise measure of volatility, and adds a volatility inflator for a wider band preference

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact jwammo12 for more information, or follow the author's instructions below.

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