Script measures the average daily change in price over the previous 90 days and compares it to the average daily change over a longer time period. Assesses if recent volatility is more / less than historical volatility to indicate if the ticker is overbought / oversold.
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.
