The higher the IV value is the longest the price have been close to the EMA and so the trend has been stable or the price is flat It works best on low timeframes, developed on BTCUSD 15m chart
The EMA used (100) can be changed and so can the range of price around it where the indicator goes up (1%)
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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.