OPEN-SOURCE SCRIPT
Volume-Price Diff
Script is designed to analize volatility in real-time.
Once added to chart, script starting to collect 2 things:
The pctc/tc ratio may be interpret as a volatility measure.
Label above real-time bar shows:
Using this indicator trader may detect volatility spikes.
More the "Diff" - less the volatility and vice versa.
Once added to chart, script starting to collect 2 things:
- Ticks count (tc)
- Price changing ticks count (pctc)
The pctc/tc ratio may be interpret as a volatility measure.
Label above real-time bar shows:
- Ticks count
- Price changing ticks count
- Ratio between (2) and (1) in percents
Using this indicator trader may detect volatility spikes.
More the "Diff" - less the volatility and vice versa.
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.
Want to use this script on a chart?
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