Bar's Body Extreme with Alert — Indicator by inno14

Volatility

Bar's Body Extreme with Alert measure volatility of bar's body and caculate extreme level in specified periods or custom level with alert. Detail options below:

1. Default Extreme Level
* Default level is the +/- highest volatility of bar's body in 100 periods
* Periods of bar to calculate default extreme adjustable

2. Custom Extreme
* Default Extreme Top auto disable if Custom Extreme Top >0
* Default Extreme Bottom auto disable if Custom Extreme Bottom <0

3. Alert
* Extreme alert: body's volatility > Extreme top level or body's volatility < Extreme bottom level
* Extreme Top Alert: body's volatility > Extreme top level
* Extreme Bottom Alert: body's volatility < Extreme bottom level

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 a publication is governed by House Rules. You can favorite it to use it 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.

Want to use this script on a chart?