OPEN-SOURCE SCRIPT
Volatility Percentage Monitor
Volatility Percentage Monitor (VPM)
What it’s meant for:
- VPM quickly shows asset volatility trend in percentage making easy to recognise how on-going price move compare to average. This is particularly useful in day-trading analysis too understand when the move possibly reaches it’s top.
- By default VPM shows a 1 period trend and Bollinger Bands on 20 periods.
How it works:
- VPM use a Simple Moving Average to reflect the exact percentage value in both daily and optional trend average measures. There’s also a switch in ‘Setting Menu’ to change the average method (Eg. You can choose RMA with a 14 period average and see a standard ATR graph on chart)
Settings:
- Additional averages can show short, mid and longterm volatility trends and can be adjusted from Setting Menu.
- An additional graph can be shown to display Standard Deviation from longterm period data: (Note: this is used to understand how reliable average data is on the given asset)
- Bollinger Bands can be turned on/off by the Setting Menu and adjusted in period and standard deviation (Suggestion: you can check standard deviation with longterm period average parameter and display trend)
- Average Method switch allow to change the calculation method for all averages with the most common methods
- The indicator is designed to be used with daily, weekly or monthly timeframe, but will work on any timeframe anyway.
- Works on any asset
Alerts:
- Preconfigured alerts can be activated to be notify on mid and top volatility daily reach
What it’s meant for:
- VPM quickly shows asset volatility trend in percentage making easy to recognise how on-going price move compare to average. This is particularly useful in day-trading analysis too understand when the move possibly reaches it’s top.
- By default VPM shows a 1 period trend and Bollinger Bands on 20 periods.
How it works:
- VPM use a Simple Moving Average to reflect the exact percentage value in both daily and optional trend average measures. There’s also a switch in ‘Setting Menu’ to change the average method (Eg. You can choose RMA with a 14 period average and see a standard ATR graph on chart)
Settings:
- Additional averages can show short, mid and longterm volatility trends and can be adjusted from Setting Menu.
- An additional graph can be shown to display Standard Deviation from longterm period data: (Note: this is used to understand how reliable average data is on the given asset)
- Bollinger Bands can be turned on/off by the Setting Menu and adjusted in period and standard deviation (Suggestion: you can check standard deviation with longterm period average parameter and display trend)
- Average Method switch allow to change the calculation method for all averages with the most common methods
- The indicator is designed to be used with daily, weekly or monthly timeframe, but will work on any timeframe anyway.
- Works on any asset
Alerts:
- Preconfigured alerts can be activated to be notify on mid and top volatility daily reach
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Haftungsausschluss
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