This indicator calculates the distribution of close-to-close percentage changes using rate of change on closing prices. It bins percentage changes into intervals of 0.25 percent increments from negative to positive values and plots a normalized cumulative hist
Indicator · Pine Script v5 · Own pane
Percent & Volatility [Alorse]
This indicator plots candle range and open-to-close movement as percentages in a separate pane.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code14
Settings1inputs
LicenceNone statedfile: MPL-2.0
Last update2 months ago25 Aug 2026
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
14 lines of Pine Script v5 from indicators/Candle Percent Volatility [Alorse].pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Alorse
//@version=5
indicator(title='Percent & Volatility [Alorse]', shorttitle='P&V', overlay=false)
change = input.int(5, minval=1, title='Change %', tooltip='Show strong color if candle percent greater than this number')
percent_volatility = ((high - low) * 100) / low
percent_change = ((close - open) * 100) / open
plot(percent_volatility, color=color.new(color.teal, percent_volatility > change ? 0 : 70), title='Low/High', style=plot.style_columns)
plot(percent_change, color=color.new(color.orange, math.abs(percent_change) > change ? 0 : 70), title='Open/Close', style=plot.style_columns)
if math.abs(percent_change) > change
alert('{"text": "' + syminfo.ticker + ': Changed ' + timeframe.period + ' minutes"}', alert.freq_once_per_bar_close)
Overview
Range is the high-low difference divided by the low, and change is the close-open difference divided by the open. Both series draw as columns. Teal columns show range and orange columns show body change, switching from faded to solid color when the value exceeds the Change percent input. A one-time alert fires after the bar closes when the absolute open-close percentage is above that threshold. There are no trade signals, stops, or exits.
- High-low percent range columns
- Open-close percent change columns
- Threshold-based solid or faded colors
- Closed-bar alert on large percent change
- Change percent input
Details
Published by
Alorse on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands
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.
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Change % | int | 5 | change |
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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