ML Volatility Estimator

This indicator helps you to understand the upcoming or ongoing volatility phase in the market for the same instrument. This works in all timeframes. This indicator does not show the direction but helps to manage Vega in any option selling strategy. Ideally, once this indicator shows Orange color, any option strategy should have Net Vega Long.

If you are not working on options, on any equity / fno script, the risk reward should be strictly maintained in the volatile environment, depicted in Orange color.

The indicator works on Standard Deviation based Volatility Estimator Models and is auto-adjustable.