PROTECTED SOURCE SCRIPT
Relative Percentile Volatility by Unelma
The indicator estimates a smoothed volatility and plot it against volatility from the lookback period. This results in a relative volatility measures.
Readings above 50 indicate high volatility with respect to lookback period, viceversa below 50.
It may be very useful in a trading system to spot high/low volatility periods.
The signal is smoothed using Sine/Cosine waving method, it s not a sma.
The comparison is done using a quantile approach.
UnCheck the percentile option to have a percentage volatility measure. I suggest a look-back of 60 days.
Readings above 50 indicate high volatility with respect to lookback period, viceversa below 50.
It may be very useful in a trading system to spot high/low volatility periods.
The signal is smoothed using Sine/Cosine waving method, it s not a sma.
The comparison is done using a quantile approach.
UnCheck the percentile option to have a percentage volatility measure. I suggest a look-back of 60 days.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.