OPEN-SOURCE SCRIPT
Bar Width Percent Rank
Updated
A simple script to calculate and show the current percent rank of the absolute open - close (candle bar width) over a given period.
Useful to determine the current volatility.
A higher value indicates that the current period is having a big swing.
Useful to determine the current volatility.
A higher value indicates that the current period is having a big swing.
Release Notes
updated the position of the labelRelease Notes
Show percent rank of bar width in separate chart insteadOpen-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.
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.