OPEN-SOURCE SCRIPT

Intraday Volatility Bars

This script produce a volatility histrogram by bar with the current volatility overlayed.
The histogram shows cumulative average volatility over n days.
And the dots are todays cumulative volatility.

In other words, it calculates the True Range of each bar and adds it to todays value.

This script is build for intraday timeframes between one and 1440 minutes only.

I use this to show me when volatility is above/below/equal to the average volatility.
When the dots are above the histogram then it is a more volatile day, and vice versa.
Recognizing a more volatile day as early as possible can be an advantage for daytrader.

Days that start with higher volatility seems to continue to increase relative to the past few days. Or when midday volatility rises it seems to continue as well.

Happy Trading!
daytradingforecastingHistorical Volatilityvolatilityindicator

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?

免责声明