The Volatility Index measures the market volatility by plotting a smoothed average of the True Range. Based on HPotter's idea (ru.tradingview.com/script/7BhEvJaX-Volatility/), it returns an average of the TrueRange over a specific number of bars. Here the result is passed through the Fisher's transform and normalized to 0/1-range.
This indicator may be used to identify stretches in the price movements, suitable for entry.
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 publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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