This applies a 'corrected' formula to the version created by alpine_trader (which is slightly off). It calculates the Average Daily Range (in percent) over the previous 20 periods and plots it in a chart. I am grateful to GlinckEastwoot for the 'corrected' formula.
With this plot one is able to compare the different % change in the given time frame. It calculates the sma of a given period (defval = 7) for the close/open. Strategy would be to choose (trade) from one to other asset in order to get higher rates when pumping or lower when dumping. The Symbol & exchange has to be specified. defSymbols = BTC, ETH and LINK ...
It is rumored that GBTC price action leads the Bitcoin market. This indicator compares GBTC fomo/panic levels to the (Binance) BTC spot market. Fomo is measured as large percentage moves of the high price from the min over a look-back period. Panic is measured as large percentage moves of the low price from the max over a look-back period. A prime example of this...
What is this The volatility rainbow tracks divergences in a security and its volatility index. This can be used to identify periods of heightened implied (future) risk. About Volatility The volatility is calculated by looking at put / call ratios. When VIX goes up it means that puts are outpacing calls. This is a bearish signal. About Correlation When the...
IV is implied volatility HV is historic realized volatility Seneca teaches that we often suffer more in our minds than in reality, and the same is true with the stock market. This indicator can help identify when people are over paying for implied volatility relative to real volatility . This means that short sellers are over paying for puts and can be squeezed...
This divergence indicator can track the correlation between one or more symbols. I use it to track the divergences between the VIX volatility index, gold, bonds, as well as other market leading indicators. When using with Vix, lower coefficients can lead to false signals. When in a high vix bear market signals, there is more noise and more false (or missing)...
I like to look at volatility in percentage and not in numbers. This is exactly what this script provides. It calculates the true range of a candle in percentage to the current price (for finished candles it uses it's close price). The script also allows you to compare open and close prices.
This indicator is based on Historical Volatility. It's plot the simple moving average with a upper and a lower band. The bands are calculated like this: UpperBand = 20 Simple moving average + 20% * Historical volatility LowerBand = 20 Simple moving average - 20% * Historical volatility But, you can change the paramters. I use the 200SMA with 100% of Historical...
BTCUSDSHORTS and BTCUSDLONGS are like datasets provided by Bitfinex exchange. They record the number of margined for longs and shorts and they are measured in BTC (in case using BTCUSD ). Margin is Like any loan, the borrower may pay interest while the loan is outstanding, and must eventually pay the loan back. Red Area: More short margin than long margin. Green...
Draws 3 leg bands along with safe zone(green lines) based on input 1) Input ATR, Week Day, Current Market Close 2) Input ATR - Previous day 1H Max ATR 3) ADX < 25 4) Input Current Market Close 5) Trading Day - Mon/Tue/Wed/Thu/Fri - Bands distance calculated based on day M/Tu/F 2*(Max ATR), W/Th 1.5(ATR) 6) Safe zone green lines - CMPCls +/- (1.5 * Max ATR) 7) Leg...
1) The script takes current INDIA VIX as input Daily time frame for NIFTY 2) Used a Formula VIX Value / Square root of Time Period 3) Change Timeframe input accordingly 1 Year = 1, Monthly = 12, Weekly = 52, Daily = 365 4) based point 2 formula with 1 standard deviation it creates upper & lower range bands 5) This is generally used for option selling by big...
Here is a simple Standard Deviation Line based on supply and demand that will help you to find expected move easily. 3 Standart Deviation merged line available. Number of days and adjustable length.
If you are an option trader, who are constantly searching opportunities to set up inverse iron condor position or other strategies, you must be familiar in estimating the range induced by Geometric Brownian Motion (GBM), or Lognormal distribution someone may call. The theory behind is adopted in the Black Scholes Option Pricing model, this assumes the asset price...
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...
DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is following TradingView's...
This simple script collects data from FTX:BVOLUSD to plot BTC’s implied volatility as a standalone indicator instead of a chart. Implied volatility is used to gauge future volatility and often used in options trading.
This indicator shows 1 and 2 standard deviation price move from the VWAP based on VIX. Implied Volatility (IV) is being used extensively in the Option world to project the Expected Move for the underlying instrument. VIX is used as a proxy for SPY's IV for 30 days. This indicator is meaningful only for SPY but can be used in any other instrument which has a...
Historical Volatility Percentile tells you the percentage of the days from the past year (252 trading days) that have lower volatility than the current volatility. I included a simple moving average as a signal line to show you how volatile the stock is at the moment. I have included simple colors to let you know when to enter or exit a position. Buy when...