TDV Indicator

This indicator measures the volatility of an asset based on the price distance from the baseline used in my TDR indicator. IT calculates the average distance the price will move from the baseline and shows a visual representation of that data. If the scatterplot is white, the price is within the average, if it turns yellow, the price is above the average. This can be used to determine if the price action is over extended.

Release Notes

Display the current risk level on the bottom right of the chart.

Release Notes

Added an Upper and Lower limit for the TDV value and display the value on the indicator. Upper and Lower limit can be set in the options. The upper and lower limits displayed in Blue give an indication as to when the volatility of the assets is close to the limit and a correction in the volatility can be expected in that range.

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Cryptodontrading directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

This indicator is bundled with the TDR indicator, it is a paid indicator and both come packaged together with your purchase. If you would like to learn more about using my indicators please contact me here with a private message.

Warning: please read our guide for invite-only scripts before requesting access.

Cryptodontrading

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