OPEN-SOURCE SCRIPT
Max Volatility Calculation (MAD) in Percentage
Max Volatility Calculation (MAD) in Percentage
This Pine Script indicator calculates and visualizes the maximum volatility of a financial instrument using the Mean Absolute Deviation (MAD) expressed as a percentage of the mean price.
Input Parameter:
Users can set the length of the calculation period in bars.
Volatility Calculation:
It computes the Mean Absolute Deviation from the mean price over the specified number of bars, providing a measure of price volatility.
Maximum Volatility Tracking:
The script updates the current volatility at every specified length of bars and tracks the maximum volatility observed.
Percentage Representation:
The maximum volatility is converted to a percentage of the mean price, facilitating easier interpretation.
Chart Visualization:
The calculated maximum volatility percentage is plotted on the chart for quick reference.
This Pine Script indicator calculates and visualizes the maximum volatility of a financial instrument using the Mean Absolute Deviation (MAD) expressed as a percentage of the mean price.
Input Parameter:
Users can set the length of the calculation period in bars.
Volatility Calculation:
It computes the Mean Absolute Deviation from the mean price over the specified number of bars, providing a measure of price volatility.
Maximum Volatility Tracking:
The script updates the current volatility at every specified length of bars and tracks the maximum volatility observed.
Percentage Representation:
The maximum volatility is converted to a percentage of the mean price, facilitating easier interpretation.
Chart Visualization:
The calculated maximum volatility percentage is plotted on the chart for quick reference.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.