Ankit_1618

[A618] Historical Volatility Bands

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Historical Volatility Bands

To be used over 5 mins for best results

HVB is a standard deviation measure for Historical Volatility Percentile,
It helps you figure out the next level of Support and Resistances

> If the HVB width is narrow, its an indication for a Trending market day
> Price crossing the highest green band line symbolises a nice upmove
> Price crossing the lowest red band line symbolises a nice downmove
> Green and Red lines are levels of Support and Resistances with respect to Historical Volatility


Credits
Historical Volatility Percentile calculation part : @cheatcountry

Link to cheatcountry idea


Hope this Helps!
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.

Want to use this script on a chart?
Masters in Quantitative Finance,
University of London .

Algorithmic Trading Certifications
University of Oxford, Säid Business School .

Electronics and Communications Engineer at core .

Happy to help, message me!

Comments

hello, im not seeing anything show on the charts...
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Ankit_1618 TradeBuddy2019
@TradeBuddy2019, Try it over 5 mins chart, its made to be used over 5 min timeframe
Reply
TradeBuddy2019 Ankit_1618
@Ankit_1618,
yes i did try it on the 5min charts, does it work for crypto pairs
Reply
Ankit_1618 TradeBuddy2019
@TradeBuddy2019, It works for BTCUSD, 5min
Reply
Ankit_1618 TradeBuddy2019
@TradeBuddy2019, You may find it not working for securities whole value is <1
Reply
TradeBuddy2019 Ankit_1618
@Ankit_1618,
ok i see it now...
but question what is the annual length setting for and why is it set to 252 default
Reply
Ankit_1618 TradeBuddy2019
@TradeBuddy2019, 252 is approx number of working days in a year, thats why it is set, its used in equation of historical volatility
Reply
TradeBuddy2019 Ankit_1618
@Ankit_1618,
is it possible to make this work on the 1min TF also???
Reply
Ankit_1618 TradeBuddy2019
@TradeBuddy2019, This model will work only for 5 min timeframe, on or under 1 min level you will need to account for rate of change in volatility for deduction of level, which is not the case in this script, this one is optimum for usage in 5 min TF,
Reply
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