OPEN-SOURCE SCRIPT
Atualizado

Volatility Meter

3 850
This is my third published indicator; its simple, but don't underestimate it. As the name suggests, it measures volatility. Specifically, it measures this through the incremental difference in closing prices. It then uses an SMA to smooth out the indicator's values, this will allow the trader to see the trend in volatility: Is it increasing? decreasing? etc.

If you have any thoughts or ideas about changing the indicator, let me know.

-racer8
Notas de Lançamento
Default setting now set at 1 period.
Notas de Lançamento
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Improved visual graphics.
Added an sma line

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