Historical Volatility Percentile: Price and Volume

28 Jul 2020

This is an expansion of the Historical Volatility scripts to include both price and volume volatility.

As Tradingview states:
Historical Volatility is a measure of how much price (and now volume ) deviates from its average in a specific time period that can be set. The more price (or/and volume ) fluctuates, the higher the indicator value. Please note it does not measure the direction of price (and volume ) changes, just how volatile price/ volume has become. There are several reasons to care about volatility but it's mainly a risk measure. As volatility increases, so does risk and uncertainty and vice versa. Traders can use the indicator to flag instruments with high volatility which could point to a trend change. It is often used in combination with other signals.

Example options


Example formats


Link back to some other great ideas:
@Cheatcountry with his prolific sharing, what a great inspiration.
@Picte and his inspired idea.
@Balipour and his great script


Comparing this to other significant HVP indicators

2 Okt 2022

Nota Keluaran

Updating to Pinescript Version 5, added titles
Thanks Zettt