OPEN-SOURCE SCRIPT
ATR BBWP Volatility
"The ATR-BBW Market Volatility Indicator combines the Average True Range (ATR) and Bollinger Bands Width (BBW) to display market volatility without providing a bullish or bearish bias. It simply indicates the magnitude of market fluctuations. Usage: When the indicator moves upward, it suggests increasing market volatility; conversely, a downward movement indicates decreasing volatility. Please note that this sub-indicator only reflects market volatility and does not provide a buy or sell signal. As always, investing involves risk, so please proceed with caution."
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 publication is governed by House rules. You can favorite it to use it on a chart.
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