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Candle Volatility Index [by NicoadW]

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This is the migration of the CandleVolatilitIndex from MT4.

The indicator works as following:

Step 1: The "Volatility Value" is calculated by applying a moving average to the change of the selected source (default: 10-Period-SMA applied to the change from last close to this close -> SMA(close-close[1] , 10) )
Step 2: The signal line is calculated by applying a moving average onto the "Volatility Value" calculated in step 1.

The default settings are the same as in the original MT4 version.

Visualization:

The histogram shows the "Volatility Value" calculated in step 1.

Case 1:
The value is above the signal line (blue bar) -> Volatility is given

Case 2:
The value is below the signal line (grey bar) -> Volatility is not there


This is intended to be used as a Volume/Volatility Indicator for a NNFX-System but can be used in any strategy.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.