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Volociy

Channel MA-ATR based

Volociy  
Volatility
125
2
volatility
Draws a channel based on 200h moving avarage.
Channel bounds are based on a weighted day`s ATR.
A price is usually not exceeds a channel`s 2 bounds (red color) for a much points, especially during a trend.
A channel 1 (yellow color) is optional and may be used as an estimated landmark level during consolidations.

The script`s parameters are optmized for EUR/USD. You may customize parameters and use any other tickers.
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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