Volatility is a core concept in trading and impacts our trading strategies. Therefore, all traders should have some sort of volatility indicator displayed to gauge the current volatility and future expected moves.
Jurik Volatility Bands displays the price inside a volatility channel. In this way, we can measure the current price action in accordance with its volatility.
Usage
The indicator is mainly used for scalping and intraday trading. Whenever the price touches either the upper or lower volatility band, we can consider it a volatility move. It can lead to a pullback or breakout move. However, we know that when the volatility is high, we expect more significant price moves and should prepare ourselves for it.
Disclaimer: No financial advice, only for educational/entertainment purposes.