OPEN-SOURCE SCRIPT
Historical Volatility Study
The goal of this script it to provide you an idea to forecast the future momentum by looking at historical volatility.
This chart has basically three parts.
1. Three lines are there. The multi color line represents the historical annualized volatility in terms of minimum look back period . The white line represents the historical annualized volatility in terms of medium term look back period . The green line represents the historical annualized volatility in terms of longer term look back period .
2. The back ground color has three components. Green zone is the zone where overall volatility is on the lower side. Red zone is the zone where overall volatility is on the higher side. Purple zone means fluctuating volatility.
3. The multi color line has three colors. Red color means volatility moving towards extreme low. Yellow means it is moving towards extreme high. Purple means it is in normal course of action.
This tool can be used as a confirmation tool with other studies to aid you to make better decisions. For example- look at the diagram below.
Make your thorough study before making any trading decision. Thanks.
This chart has basically three parts.
1. Three lines are there. The multi color line represents the historical annualized volatility in terms of minimum look back period . The white line represents the historical annualized volatility in terms of medium term look back period . The green line represents the historical annualized volatility in terms of longer term look back period .
2. The back ground color has three components. Green zone is the zone where overall volatility is on the lower side. Red zone is the zone where overall volatility is on the higher side. Purple zone means fluctuating volatility.
3. The multi color line has three colors. Red color means volatility moving towards extreme low. Yellow means it is moving towards extreme high. Purple means it is in normal course of action.
This tool can be used as a confirmation tool with other studies to aid you to make better decisions. For example- look at the diagram below.
Make your thorough study before making any trading decision. Thanks.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.