OPEN-SOURCE SCRIPT
Volatility Profile
Volatility Profile allows for a fast comparison of the Average True Range from different time frames.
In addition to that, for each time frame it calculates the maximum and the minimum value over a set number of bars and divides the range between the maximum and the minimum in three parts to create three different volatility classes, which allows the user to quickly see how big the current value really is in relation to the past.
The settings allow the user to set the two extra time frames apart from the main time frame and the ATR length for each of the three ATR's, as well as the look back period to calculate the maximum and the minimum values.
This indicator is meant to help create a much more comprehensive view of the instrument's volatility.
In addition to that, for each time frame it calculates the maximum and the minimum value over a set number of bars and divides the range between the maximum and the minimum in three parts to create three different volatility classes, which allows the user to quickly see how big the current value really is in relation to the past.
The settings allow the user to set the two extra time frames apart from the main time frame and the ATR length for each of the three ATR's, as well as the look back period to calculate the maximum and the minimum values.
This indicator is meant to help create a much more comprehensive view of the instrument's volatility.
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?
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.