OPEN-SOURCE SCRIPT
Volatility

This script shows three different calculations for volatility.
All three can be used as Stop-Loss...
- Absolute Price Changes
- Maximum Price Fluctuation
- and every one should know Average True Range
The script has a dark and light theme.
And the colors can be changed and each can be deactivated.
On top of that I stumbled over the fact that when MPF crosses over APC
this could result in a significant change in price and could also be used as an entry or exit.
This is also highlighted by default. You can change its background color and you can deactivate it too.
ACP measures volatility over most recent close prices.
This is excellent for comparing volatility.
It includes both frequency and magnitude.
In other words: Sum of differences between second to last close price and last close price as absolute value for 'n' bars.
MPF measures volatility over most recent candles, which could be used as an estimate of risk.
It may also be effective as the basis for a stop-loss or take-profit,
like the ATR but it ignores the frequency of directional changes within the time interval.
In other words: The difference between the highest high and lowest low over 'n' bars.
When you don't know what the ATR is then you can look at this link.
All three can be used as Stop-Loss...
- Absolute Price Changes
- Maximum Price Fluctuation
- and every one should know Average True Range
The script has a dark and light theme.
And the colors can be changed and each can be deactivated.
On top of that I stumbled over the fact that when MPF crosses over APC
this could result in a significant change in price and could also be used as an entry or exit.
This is also highlighted by default. You can change its background color and you can deactivate it too.
ACP measures volatility over most recent close prices.
This is excellent for comparing volatility.
It includes both frequency and magnitude.
In other words: Sum of differences between second to last close price and last close price as absolute value for 'n' bars.
MPF measures volatility over most recent candles, which could be used as an estimate of risk.
It may also be effective as the basis for a stop-loss or take-profit,
like the ATR but it ignores the frequency of directional changes within the time interval.
In other words: The difference between the highest high and lowest low over 'n' bars.
When you don't know what the ATR is then you can look at this link.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.