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Volatility Gap Tracker
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The Volatility Gap Tracker ( *VGT ) indicator calculates the historical volatility of an asset using the standard deviation of the natural logarithm of the closing price relative to the previous period's closing price. *VGT visualizes the HV with gap lines to highlight when the current HV has increased or decreased significantly compared to the previous period, and adds labels to show the HV value for each of those bars.
Low HV calculated by *VGT can potentially signify a potential move up or down in the price of an asset. When HV is low, it indicates that the price of the asset has been relatively stable or range-bound over the specified period of time. This can sometimes be a precursor to a significant move in either direction, as the price may be building up energy to break out of its range.
*VGT can be used for any market that TradingView supports, including stocks, forex, and cryptocurrencies. It is especially useful for traders who want to identify periods of high volatility or sudden changes in volatility , which can indicate potential trading opportunities or risks. However, it's important to note that HV is a historical measure and may not always accurately predict future volatility .
The indicator can be used under various market conditions, but is especially useful during periods of high volatility , such as market crashes or major news events. It can also be useful for traders who want to monitor the volatility of specific stocks or assets over a longer period of time.
*VGT is provided for informational purposes only and is not a guarantee of future performance or accuracy. Traders should use multiple indicators and analysis methods to make informed trading decisions. Trading involves risks and traders should always conduct their own research and analysis before making any investment decisions.
Low HV calculated by *VGT can potentially signify a potential move up or down in the price of an asset. When HV is low, it indicates that the price of the asset has been relatively stable or range-bound over the specified period of time. This can sometimes be a precursor to a significant move in either direction, as the price may be building up energy to break out of its range.
*VGT can be used for any market that TradingView supports, including stocks, forex, and cryptocurrencies. It is especially useful for traders who want to identify periods of high volatility or sudden changes in volatility , which can indicate potential trading opportunities or risks. However, it's important to note that HV is a historical measure and may not always accurately predict future volatility .
The indicator can be used under various market conditions, but is especially useful during periods of high volatility , such as market crashes or major news events. It can also be useful for traders who want to monitor the volatility of specific stocks or assets over a longer period of time.
*VGT is provided for informational purposes only and is not a guarantee of future performance or accuracy. Traders should use multiple indicators and analysis methods to make informed trading decisions. Trading involves risks and traders should always conduct their own research and analysis before making any investment decisions.
Nota Keluaran
Improved the readability of the bottom Gap Down labels. Added an option to change the line style from Inputs menu. Nota Keluaran
I am pleased to inform you that alerts have been added to VGT, which will help you stay updated on any changes that occur with your preferred ticker.In addition to that, I have also added a new feature which allows you to change the default ticker in order to view another historical volatility (HV) on the current chart ticker if you wish. This feature will provide you with more flexibility and convenience in monitoring the market trends and making informed decisions.
I appreciate your feedback and suggestions, and I will continue to work hard to make my indicators more user-friendly and efficient. Please do not hesitate to contact me if you have any further suggestions or questions.
Nota Keluaran
Minor cosmetic enhancements Nota Keluaran
The latest update to the Volatility Gap Tracker introduces the following new features:
Low Volatility Threshold: Users can now identify periods of low volatility by enabling the "Low Volatility Threshold" checkbox and specifying a threshold value.
Customizable Threshold Value: Traders can customize the threshold level for low volatility according to their trading strategies and preferences.
Visual Representation of Low Volatility: Histogram bars change color to a custom gray when low volatility is detected, providing a clear visual indication of reduced market activity.
These new features enhance the Volatility Gap Tracker's effectiveness in monitoring volatility patterns and supporting informed trading decisions.
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