OPEN-SOURCE SCRIPT
Average Volatility Zones
Displays the average volatility range directly on the chart as horizontal levels projected from the current period's open.
The indicator calculates the average candle size (High-Low or True Range) over a configurable period and timeframe (default: Daily, 20 bars), then draws upper and lower lines at that distance from the current timeframe open — showing how far price typically moves within one period.
Key features:
- Multi-timeframe support — measure volatility from any timeframe (M15 to Monthly)
- Scalable levels — optional 2x, 3x, and custom multiplier levels for extended volatility zones
- Zone mode — converts lines into shaded bands based on a percentage of the average volatility
- Automatic pip detection for forex pairs (supports 5-digit and 3-digit brokers)
- Each level is labeled with its timeframe, period, and value in pips
- Fully customizable colors, line styles, label positioning, and zone transparency
Useful for gauging intraday range potential, setting realistic targets, identifying overextended moves, and filtering entries near volatility extremes.
The indicator calculates the average candle size (High-Low or True Range) over a configurable period and timeframe (default: Daily, 20 bars), then draws upper and lower lines at that distance from the current timeframe open — showing how far price typically moves within one period.
Key features:
- Multi-timeframe support — measure volatility from any timeframe (M15 to Monthly)
- Scalable levels — optional 2x, 3x, and custom multiplier levels for extended volatility zones
- Zone mode — converts lines into shaded bands based on a percentage of the average volatility
- Automatic pip detection for forex pairs (supports 5-digit and 3-digit brokers)
- Each level is labeled with its timeframe, period, and value in pips
- Fully customizable colors, line styles, label positioning, and zone transparency
Useful for gauging intraday range potential, setting realistic targets, identifying overextended moves, and filtering entries near volatility extremes.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。