3 Days Volatility

vor 19 Stunden

3 Days Volatility (Final) is a price-action based volatility indicator designed to measure the true market movement over the last 3 trading days.
It helps traders quickly understand whether the market is in consolidation, expansion, or high-risk volatility.

The indicator always uses daily (D) timeframe data, so it works consistently on intraday, swing, and positional charts without repainting.

🔍 What does this indicator measure?

This indicator calculates three different types of volatility, each serving a specific trading purpose:

1️⃣ Close Range %

Calculated using Highest Close – Lowest Close of the last 3 days

Measures close-to-close price movement

Useful for identifying trend smoothness and controlled movement

👉 Best suited for swing traders who focus on closing prices.

2️⃣ Body Range % (NO WICKS)

Calculated using the highest and lowest candle bodies of the last 3 daily candles

Completely ignores wicks and spikes

Shows real buying and selling strength

👉 This is the most important component of the indicator, as it reflects pure price acceptance rather than noise.

3️⃣ High–Low %

Calculated using Highest High – Lowest Low of the last 3 days

Measures total volatility including wicks, news moves, and extreme spikes

👉 Very useful for risk assessment, options trading, and volatility awareness.

🎨 Smart Colour Coding System

Each volatility value is automatically highlighted using a three-level colour system:

🟢 Green → Low volatility (tight range, consolidation phase)

🟠 Orange → Medium volatility (expansion, active market)

🔴 Red → High volatility (breakout, strong momentum, or high risk)

This allows traders to instantly read market conditions without manual calculations.

📊 Visual Output

Clean table-based display

Updates only on the latest bar

Does not clutter the chart

Non-repainting and safe for analysis

💡 Best Use Cases

Identifying consolidation before breakouts

Measuring volatility expansion in futures trading

Understanding risk levels for options buying/selling

Filtering trades based on market volatility conditions

⚠️ Important Disclaimer

This indicator does NOT provide buy or sell signals

It is designed as a volatility and market condition tool

Always use it with your own trading strategy and proper risk management

vor 8 Stunden

Versionshinweise

3 Bars Volatility – Major Update 🚀

Now fully timeframe adaptive 🔄
• Works on 1H, Daily & Weekly charts
• Shows 1 Bar Ago vs Now volatility clearly
• Clean table layout