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
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.