OPEN-SOURCE SCRIPT
Historical Volatility Percentile: Price and Volume
This is an expansion of the Historical Volatility scripts to include both price and volume volatility.
As Tradingview states:
Historical Volatility is a measure of how much price (and now volume ) deviates from its average in a specific time period that can be set. The more price (or/and volume ) fluctuates, the higher the indicator value. Please note it does not measure the direction of price (and volume ) changes, just how volatile price/ volume has become. There are several reasons to care about volatility but it's mainly a risk measure. As volatility increases, so does risk and uncertainty and vice versa. Traders can use the indicator to flag instruments with high volatility which could point to a trend change. It is often used in combination with other signals.
Example options
Example formats
Link back to some other great ideas:
@Cheatcountry with his prolific sharing, what a great inspiration.
@Picte and his inspired idea.
@Balipour and his great script
Comparing this to other significant HVP indicators
As Tradingview states:
Historical Volatility is a measure of how much price (and now volume ) deviates from its average in a specific time period that can be set. The more price (or/and volume ) fluctuates, the higher the indicator value. Please note it does not measure the direction of price (and volume ) changes, just how volatile price/ volume has become. There are several reasons to care about volatility but it's mainly a risk measure. As volatility increases, so does risk and uncertainty and vice versa. Traders can use the indicator to flag instruments with high volatility which could point to a trend change. It is often used in combination with other signals.
Example options
Example formats
Link back to some other great ideas:
@Cheatcountry with his prolific sharing, what a great inspiration.
@Picte and his inspired idea.
@Balipour and his great script
Comparing this to other significant HVP indicators
Notas de Lançamento
Updating to Pinescript Version 5, added titlesThanks Zettt
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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Aviso legal
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