Volatility Radar [upslidedown]

💎 Overview
Volatility Radar visualizes extreme volatility conditions in a clean, intuitive oscillator format.
Unlike traditional momentum oscillators, it transforms average true range (ATR) behavior into a directional volatility structure, making it easier to spot moments when markets may be shifting into expansion, compression, or potential pivot zones.

💎 How to Use
The oscillator highlights moments when the internal volatility condition becomes active as well as when that condition breaks. These events may coincide with structural turning points, breakout conditions, or volatility expansions. While not a prediction tool, Volatility Radar helps traders identify moments worth paying closer attention to.

💎 Signal Markers
■ Square icons on top/bottom identify when the Volatility Radar condition is ACTIVE
▲▼ Triangle icons on top/bottom identify when the Volatility Radar condition BREAKS
📌 Chart Example:

💎 Oscillator Trends
One of the core features of Volatility Radar is its ability to highlight positive or negative volatility trends. The oscillator automatically colors its components to reflect uptrending vs. downtrending volatility structure, making trend context easier to interpret at a glance.
📌 Chart Example:

💎 Histogram Trends
For users who prefer a more compact or traditional visual style, Volatility Radar includes an optional histogram display mode. This mode provides a clean representation of the detected trend and can be helpful for validating price-action concepts within the broader volatility context.
📌 Chart Example:

💎 Volatility Moving Average
The yellow moving average line offers a volatility moving average that can aid in determining longer term trend strength.

• Interpret the trend direction by observing whether the average is increasing/decreasing or above/below the zero line.
  
• Reversals may be observed when values move into oversold territories.
  
• Trend continuation may occur during periods when the average is near the zero line.
  
• Evaluate opportunities when the moving average is "touched" or "pinged" by the radar line (setting available to highlight these crosses).
  

📌 Chart Example:

💎 Backtesting Support
Volatility Radar outputs external signals designed for use with automated backtesting on TradingView. It integrates with jason5480’s open-source Template Trailing Strategy and its supporting signal libraries.