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capissimo

Volatility Indicator

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Volatility Trend Analysis Oscillators price action
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volatility trendanalysis oscillator price action
The Volatility Index measures the market volatility by plotting a smoothed average of the True Range.
Based on HPotter's idea (ru.tradingview.com/s...7BhEvJaX-Volatility/),
it returns an average of the TrueRange over a specific number of bars.
Here the result is passed through the Fisher's transform and normalized to 0/1-range.

This indicator may be used to identify stretches in the price movements, suitable for entry.
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.

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