PROTECTED SOURCE SCRIPT
Opportunity Profile
Indicates areas of high vs low volatility.
It takes an absolute percent delta (default: 1% [editable]) over a given period (default: 14 bars [editable]) and returns the percentage at which the condition (percent delta) is true*.
A lower percentage indicates low volatility and a lack of opportunity.
There are also convenience indicators which let you see when the percentage is above or below key areas (default: 75% upper, 25% lower tolerance [editable]).
* The chart is automatically smoothed (sma) over the period - otherwise you'd have crazy spikes that are hard to read
It takes an absolute percent delta (default: 1% [editable]) over a given period (default: 14 bars [editable]) and returns the percentage at which the condition (percent delta) is true*.
A lower percentage indicates low volatility and a lack of opportunity.
There are also convenience indicators which let you see when the percentage is above or below key areas (default: 75% upper, 25% lower tolerance [editable]).
* The chart is automatically smoothed (sma) over the period - otherwise you'd have crazy spikes that are hard to read
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.