The TVX is all in all a better Average True Range. It is used in the same way, but tracks volatility changes better than the standard ATR.
**THE CHART**
AUDNZD on the 4HR Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel we have this Indicator, our True Volatility Index (Free Version)
- On the Chart we have Berlin Candles which is our unique take on a mix between normal candles, Heikin Ashi candles all while retaining the essential data.
- Also on the chart we have our ATR-filtered Exponential Moving Average. It either plots further away from price or closer to price, the higher or lower the current ATR is compared to recent history.
- In the Bottom Panel we have our version of On-Balance Volume based on Heikin-Ashi Candles