OPEN-SOURCE SCRIPT

Volatility Radar - Muti-Timeframe [PUCHON]

Volatility Radar — MTF [PUCHON]

Reads ATR%, Historical Volatility (HV%), and Bollinger Band Width (BBW%) across 5 timeframes simultaneously. Classifies each timeframe into a volatility regime — LOW / NORMAL / HIGH / EXTREME — using percentile rank computed independently per timeframe. A single consensus row summarises all 5 timeframes into one actionable signal.

Open-source script — full code visible in Pine Script editor.

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WHAT MAKES IT DIFFERENT

Most volatility tools work on a single timeframe. This dashboard:

Runs three independent metrics per timeframe via bundled request.security() — one call per TF, no redundant data fetching
Classifies regime using ta.percentrank() computed inside each TF's own bar history — "HIGH" on 5m and "HIGH" on Daily are both statistically meaningful relative to that TF's own past
Renders a unicode sparkline row █░ to compare relative ATR across all timeframes at a glance
Neon Dark styling: regime label pinned to last candle, colored regime badges, candle coloring, background state tint

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HOW TO READ EACH ROW

Row 1 — ATR %
Average True Range as a percentage of price. Answers: "How large are the candles right now, relative to price?"

Higher ATR% = bigger candles, wider spreads, larger stop loss needed
Compare across TFs: if 5m ATR% suddenly equals the 60m ATR%, intraday volatility has spiked unexpectedly
Color reflects regime: Neon Green = Low Cyan = Normal Red = High Magenta = Extreme

Row 2 — HV %
Historical Volatility (annualized). Standard deviation of log returns × √252.

Answers: "At what annualized rate is this asset moving right now?"
Rising HV = market accelerating. Falling HV = compressing toward a squeeze
Cross-TF: if 5m HV is 3% but Daily HV is 37%, short-term is calm inside a long-term volatile environment — mean-reversion setup signal
Displayed in neutral Cyan — informational, not regime-colored

Row 3 — BBW %
Bollinger Band Width = (Upper BB − Lower BB) / Midline × 100.

Low BBW = bands squeezing → breakout risk rising
High BBW = bands expanded → trend or momentum is active
BBW spike after a Low regime = early breakout confirmation
Multiple TFs showing Low BBW simultaneously = convergent squeeze — watch closely

Row 4 — REGIME
Percentile rank of current ATR% against the last Regime Lookback bars of that same timeframe.

LOW — below 25th percentile → unusually quiet; possible accumulation or squeeze
NORMAL — 25th–75th percentile → average conditions; trend-following works well
HIGH — 75th–90th percentile → elevated; widen stops, reduce position size
EXTREME — above 90th percentile → rare spike; consider standing aside

Regime is relative to the instrument's own history. 0.5% ATR could be LOW on a volatile crypto but EXTREME on a blue-chip stock. The percentile rank adapts automatically.

Row 5 — ATR▐ (Sparkline)
Unicode bar █ (filled) / ░ (empty) — each TF's ATR% as a proportion of the highest ATR% across all columns.

Longest bar = most volatile timeframe right now
Normal: bars grow left (5m) to right (Daily) — higher TFs are naturally more volatile in absolute terms
Warning: a short-TF bar suddenly matching a long-TF bar → intraday volatility spike
Bar color matches the regime of that column

Row 6 — SIGNAL
Consensus across all 5 timeframes. Counts TFs in HIGH or EXTREME regime.

STABLE — NORMAL VOLATILITY → 0–1 TFs elevated. Trade normally.
ELEVATED ACROSS TIMEFRAMES → 2–3 TFs elevated. Widen stops, reduce size.
⚠ RISK OFF — EXTREME VOLATILITY → 4–5 TFs elevated. Consider standing aside.

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CANDLE & BACKGROUND COLORING

Candles and background tint reflect the current chart timeframe's regime:

🟢 LOW — calm market, potential accumulation zone
🔵 NORMAL — standard conditions, trend strategies work well
🔴 HIGH — elevated, tighten stops and reduce size
🟣 EXTREME — dangerous conditions, reduce or close exposure

A glow label above the last candle shows the current regime at a glance.

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PRACTICAL SCENARIOS

Scenario A — Safe to trade
All TFs: NORMAL or LOW → SIGNAL: STABLE
Action: Use momentum strategies. ATR% bars are short and roughly equal.

Scenario B — Reduce size
5m: NORMAL | 15m: HIGH | 60m: EXTREME | 240m: HIGH | D: NORMAL → SIGNAL: ELEVATED
Action: Widen stop to accommodate 60m ATR range. Reduce position by 30–50%.
The 60m sparkline bar will be the longest — confirming where volatility is concentrated.

Scenario C — Stand aside
ALL TFs: EXTREME → SIGNAL: ⚠ RISK OFF
Action: Wait for regime to cool to NORMAL before re-entering. Occurs during major news events, flash crashes, or market opens.

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HOW TO USE

Add to any chart as an overlay — works on all instruments and timeframes
Set your 5 analysis timeframes in the Timeframes settings group
Check REGIME row — identify which timeframes are elevated
Check SIGNAL row — use as your position sizing guide
Read sparkline bar row — longest bar = where volatility is concentrated
Enable candle coloring and background tint for instant visual scanning
Set alert on Regime Escalation to be notified when volatility rises
Set alert on Regime Cooling to re-enter after a volatility spike

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SETTINGS GUIDE

TF 1–5 — Five analysis timeframes (default: 5 / 15 / 60 / 240 / Daily)
ATR Length (default: 14) — ATR period. 14 is standard; increase for smoother values on noisy instruments
HV Length (default: 20) — Log-return standard deviation lookback for HV%
BBW Length (default: 20) — Bollinger Band period for width calculation
Regime Lookback (default: 100) — Percentile rank window per TF. Higher = more stable labels, slower to react. Lower = faster but noisier
Color Candles by Regime — Toggle neon candle coloring on/off
Background Tint — Toggle near-invisible regime background tint
ATR% Sparkline Row — Toggle unicode bar chart row visibility
Table Position — Move dashboard to any of the four chart corners

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ALERTS

Five built-in alert conditions:

Extreme Volatility — current TF enters EXTREME regime
High+ Volatility — current TF enters HIGH or EXTREME regime
Low Volatility — current TF enters LOW regime (watch for squeeze)
Regime Escalation — volatility rises from Normal to High/Extreme
Regime Cooling — volatility falls back from High/Extreme to Normal

Set via: Right-click chart → Add alert → Condition: Volatility Dashboard — MTF

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LIMITATIONS

Regime needs at least Regime Lookback confirmed bars on each TF. First bars on very high timeframes may show "—" until enough history is loaded
HV uses √252 annualization (trading days). Crypto 24/7 markets are slightly understated — actual annualized vol is ~17% higher than displayed
Does not predict direction. HIGH and EXTREME regimes occur in both strong trends and sharp crashes. Use with a directional indicator
Requesting a TF lower than the chart's own TF has no effect — Pine Script cannot look inside the current bar
Current (unconfirmed) bar values update in real time and may differ from the final bar-close value. This is normal behavior, not repainting

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OPEN SOURCE

Published under Mozilla Public License 2.0.
Free to use, modify, and build upon.
If you publish a modified version, credit to the original script is appreciated.

⚠ Disclaimer: This script is for educational and informational purposes only. It does not constitute financial advice. Volatility analysis does not guarantee profitable trades. Past volatility patterns do not predict future price movements. Always conduct your own analysis and apply proper risk management before trading.

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

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Script open-source

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