Volatility Zones (STDEV %)

This indicator calculates and visualizes the relative price volatility of any asset, expressed as a percentage of standard deviation over a rolling window.

🧠 How it works:
- Calculates rolling standard deviation of price (close) as a percentage of the current price.
- Classifies market into three volatility regimes:
• Low Volatility (≤2%) → Blue zone
• Medium Volatility (2–4%) → Orange zone
• High Volatility (>4%) → Red zone

📊 Why it matters:
Volatility structure reflects the underlying regime of the market — ranging, expanding, or trending. This tool helps traders:
- Spot optimal low-risk entry conditions
- Avoid chop zones or highly erratic moves
- Time breakouts or trend initiations

🛠 Usage:
- Works on any timeframe and instrument
- Adjustable lookback period
- Best used alongside trend filters or entry signals (e.g., SuperTrend, EMAs, etc.)