OPEN-SOURCE SCRIPT

Volume-Price Diff

1 884
Script is designed to analize volatility in real-time.

Once added to chart, script starting to collect 2 things:
  1. Ticks count (tc)
  2. Price changing ticks count (pctc)


The pctc/tc ratio may be interpret as a volatility measure.

Label above real-time bar shows:
  1. Ticks count
  2. Price changing ticks count
  3. Ratio between (2) and (1) in percents


Using this indicator trader may detect volatility spikes.
More the "Diff" - less the volatility and vice versa.

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