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Relative Channel Bandwidth

3 530
This indicator uses different volatility channels - Bollinger Band, Donchian Channel and Keltner Channel width to measure volatility.

Indicator plots channel bandwidth percentage with respect to close price.

This is not same as Bollinger Percent B - which is measure of where price is with respect to band. Instead this indicator is similar to ATR Percent indicator published here:
ATR Percentage


Plotting is color coded to indicate volatility zone:

  • Red : Extreme volatility
  • Orange : High volatility
  • Lime : Low volatility
  • Green : Extreme low volatility


These levels are again derived by long period bollinger bands

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.