Price Variation Percent (PVP) — Indicator by Jompatan

candlestickanalysis oscillator volatility

This indicator shows the percentage of price variation, depending on the length of bars that the user chooses.
At a glance you can see if the price jumps in volatility and how often it does so. Very useful for scalping.
The upper and lower bands are limits of price variation in percentage, therefore when there is a crossing above or below you can immediately see how volatile the asset is and between what percentages of change it is moving.

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

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