Volatility Spectrum - Whvntr

Key Features:
Enhanced Volatility Insights: Seamlessly integrates standard ATR with an average ATR for a more detailed volatility analysis.
Customizable Parameters: Users can tailor the ATR and average ATR lengths to align with various trading styles and timeframes.
Multiple Smoothing Techniques: Options like RMA, SMA, EMA, or WMA are available to customize the ATR's responsiveness.
Dynamic Color Indicators: Unique color gradients visually represent different levels of volatility, aiding in quick and effective analysis.
Configurable Volatility Alerts: Set up alerts for specific high or low volatility conditions to assist in making informed decisions.
Intuitive Backgrounds: The background color shifts in response to volatility levels, offering an instant read on market dynamics.
Personalized Color Settings: Customize the color scheme for high and low volatility indicators to fit personal preferences and trading dashboards.
When and Where to Use:
Diverse Market Application: Suitable for various markets, including stocks, forex, and commodities.
Strategy Enhancement: Integrates with trading strategies for improved risk management and optimized entry/exit points.
Adaptable for All Trading Styles: Effective for both short-term day trading and long-term investment approaches.
Informed Trading Decisions: Best used in conjunction with other indicators for a well-rounded approach to volatility-based trading.
"Volatility Spectrum" is an essential tool for traders looking to enrich their understanding of market volatility. Its adaptability and depth make it a valuable component in any trader's toolkit, suitable for a range of markets and trading strategies.
"While 'Volatility Spectrum' provides valuable insights into market volatility, its indications should not be interpreted as definitive predictions or guarantees of future market behavior."
Changed the ATR Length from 14 to 168
Changed the Avg Length from 25 to 50
Changed the default MA from RMA to WMA
Added Tag colors to the inputs menu for customization
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Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.