Toby Crabel's HisVol

As in Linda Raschke's Street smarts...... This indicator shows the signals of Toby Crabel's Historical Volatility 6/100 strategy. The strategy assumes, that volatility contraction measured by two measures would give better results.
There is one other script that is a strategy, but it assumes that the signal requires both inside bar and narrowest range, what is not as in Linda Raschke's.

The strategy and what does the script do:
1) measures short-term unannualized volatility (by default six), long term uannualized volatility (by default 100), and measures the ratio of short volatility / long volatility.
2) checks if the current bar is an inside bar or has narrowest range out of last X bar (by default 4), or both,
3) puts an etiquette if short volatility / long volatility is equal to or smaller than 0,5 AND the day is inside bar, has narrowest range, or both.

Next day both buy-stop and sell-stop should be set. Buy-stop at the high and sell-stop at the low of the bar with etiquette.

This is by no means any financial advice, nor the historical results guarantee future gain.