Volatility Dashboard

31 mag

This indicator calculates and displays volatility metrics for a specified number of bars (rolling window) on a TradingView chart. It can be customized to display information in English or Thai and can position the dashboard at various locations on the chart.

Inputs

1. Language: Users can choose between English ("ENG") and Thai ("TH") for the dashboard's language.
   
2. Dashboard Position: Users can specify where the dashboard should appear on the chart. Options include various positions such as "Bottom Right", "Top Center", etc.
   
3. Calculation Method: Currently, the script supports "High-Low" for volatility calculation. This method calculates the difference between the highest and lowest prices within a specified timeframe.
   
4. Bars: Number of bars used to calculate the volatility.
   

Display Logic

1. Fills the islast_vol_points array with the calculated volatility points.
   
2. Sets the table cells with headers and corresponding values:
   => Highest Volatility: The maximum value in the islast_vol_points array
   => Mean Volatility: The average value in the islast_vol_points array,
   => Lowest Volatility: The minimum value in the islast_vol_points array, Number of Bars: The rolling window size.
   

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Volatility Dashboard [SNOWDEX]

Overview:
Volatility Dashboard is a versatile Pine Script indicator tailored to provide a detailed snapshot of market volatility across multiple timeframes. It presents key metrics like the highest, average, and lowest volatility values in a clean, customizable dashboard format. This tool is designed to enhance a trader's ability to assess and adapt to market conditions by providing clear volatility insights.

Features:

1. Dynamic Volatility Calculation:
   
   Computes volatility using high-low ranges or other customizable methods.
   Displays values in user-selected units (ticks or currency) for added flexibility.
2. Customizable Dashboard:
   Configurable table position options (e.g., Bottom Right, Top Left).
   Adjustable text sizes for improved readability.
   Dynamically updated table to reflect the latest market data.
3. Multi-Timeframe Analysis:
   Provides volatility metrics for the current timeframe.
   Supports a user-defined higher timeframe for broader market perspective.
   Automatically fetches and processes data to minimize repainting issues.
4. Rolling Metrics:
   Analyzes volatility over a user-defined rolling window for both timeframes.
   Offers a historical perspective to gauge volatility trends.
5. Advanced Array Management:
   Handles historical data efficiently using arrays.
   Filters and extracts unique data points from higher timeframes for cleaner visualization.
6. Error Handling for High Rolling Windows:
   Detects scenarios where a high rolling window is incompatible with the selected timeframes, especially when the current timeframe is intraday, and the higher timeframe is not granular enough.
   Ensures accuracy by automatically adjusting or alerting users of potential mismatches.

Important Notes:

When the current chart timeframe is intraday (e.g., 1-minute, 5-minute): If the rolling window is set too high, the script might face limitations fetching higher timeframe data accurately due to insufficient historical data granularity.
In such cases: The higher timeframe volatility values may be unavailable or less representative of the market's behavior. Users are advised to adjust the rolling window to align with the chart timeframe and historical data availability.
Usage Recommendations:

1. [] Best suited for traders focusing on volatility-based strategies or looking to monitor market consistency. [] Works on all TradingView-supported markets, including Forex, Crypto, Stocks, and Indices.
2. Adjust higher timeframe and rolling period settings based on trading style and data availability.

Customization Options:

1. [] Select higher timeframe (e.g., 1D, 1W) to match your analytical scope. [] Adjust the rolling period for optimal performance based on chart timeframe and data coverage.
2. Modify table appearance and position for seamless integration into your chart layout.

Summary:
Volatility Dashboard is an essential tool for traders aiming to navigate the complexities of market volatility, providing actionable insights through intuitive visualizations while proactively managing potential data limitations.

If you found this script helpful and would like to support its continued development, consider buying me a coffee: https://www.buymeacoffee.com/puchon Thank You!
Thank you for your support and for being a part of the trading community. Your contributions inspire further improvements and innovations! 💙

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