Calculates and plots moving averages on selected VIX volatility terms (VIX9D, VIX, VIX3M, or VIX6M) in a separate pane. The script computes user-defined short and long moving averages using EMA or SMA. It shades the background red when the short-term moving av
Indicator · Pine Script v5 · Own pane
Daily Range Volatility
Daily Range Volatility calculates the percentage range of each bar relative to its midpoint price.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code17
Settings0inputs
LicenceApache-2.0
Last update1 year ago22 Dec 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
17 lines of Pine Script v5 from Daily-Range-Volatility/pinescript-v5.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// Pine Script v.5
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © DevSergo [.com] aka kiti-kiti
//@version = 5
indicator(title="Daily Range | Volatility in persental %%", shorttitle="Daily Range Volatility [© DevSergo [.com] aka kiti-kiti]")
amplitude = ((high - low)/((high+low)/2))*100
average30 = ta.sma(amplitude, 30)
average3 = ta.sma(amplitude, 3)
average3_5 = ta.sma(average3, 3)
plot(amplitude, style=plot.style_columns, color=color.silver)
plot(average30, color=color.blue)
plot(average3, color=color.red)
plot(average3_5, color=color.green)
Overview
Daily Range Volatility plots this amplitude as silver columns in a separate pane alongside three simple moving averages: a 30-period baseline, a fast 3-period average, and a smoothed 3-period average of the fast line. The indicator provides a visual reference for expanding and contracting price range volatility over time. It contains no configurable input settings, alert conditions, or trading signals, serving strictly as an informational tool.
- Percentage price range calculation
- Multi-period simple moving averages
- Histogram and line overlay display
- Separate pane oscillator layout
Details
Published by
DevSergo on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
pine-scriptpinescriptpinescript-indicatorstradingtradingviewvolatility
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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