⚠Volatility - [MarktQuant]

This Volatility indicator helps traders visualize how volatile the market is by using color codes to indicate different levels of volatility.

Inputs and Settings:
- The number of past data points to consider (default is 20).
- Option to color the bars on the chart.
- Option to color the background of the chart.

Calculations:
- Measures the total amount the price has changed over the specified length.
- A smoothed average of the volatility over a long period (1095 data points).

Color Coding for Volatility Levels:
- Very Strong Warning (Red): Very high volatility.
- Strong Warning (Orange): High volatility.
- Noticeable (Yellow): Moderate volatility.
- Mild (Lime Green): Slight volatility.
- Very Mild (Green): Very slight volatility.
- Strong Warning (Blue): Low volatility.

Visual Indicators:
- Bar Colors: Colors the price bars on the chart according to the volatility levels.
- Background Colors: Colors the background of the chart according to the volatility levels.
- Legend Table: Shows a legend on the chart explaining what each color represents in terms of volatility levels.

This indicator helps traders quickly understand the current volatility in the market and make informed decisions based on that information.