OPEN-SOURCE SCRIPT
Volatility Oscillator
This tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range.
Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
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