OPEN-SOURCE SCRIPT
OTT Volatility [RunRox]

📊 OTT Volatility is an indicator developed by the RunRox team to pinpoint the most optimal time to trade across different markets.
OTT stands for Optimal Trade Time Volatility and is designed primarily for markets without a fixed trading session, such as cryptocurrencies that trade 24/7. At the same time, it works equally well on any other market.
🔶 The concept is straightforward. The indicator takes a specified number of historical periods (Samples) and statistically evaluates which hours of the day or which days show the highest volatility for the selected asset.
As a result, it highlights time windows with elevated volatility where traders can focus on searching for trade setups and building positions.

🔶 As the core volatility metric, the indicator uses ATR (Average True Range) to measure intraday volatility. Then it calculates the average ATR value over the last N Samples, creating a statistically stable estimate of typical volatility for the selected asset.

🔶 Statistically, during these highlighted periods the market shows higher-than-average volatility.
This means that in these time windows price is more likely to be subject to stronger moves and potential manipulation, making them attractive for active trade execution and position management.
⚠️ However, historical behavior does not guarantee future results.
These periods should be treated only as zones where volatility has a higher probability of being above normal, not as a promise of movement.

As shown in the screenshot above, the indicator also projects potential future volatility based on historical data. This helps you better plan your trading hours and align your activity with periods where volatility is statistically expected to be higher or lower.

🔶 Current Volatility – as shown in the screenshot above, you can also monitor the real-time volatility of the market without any statistical averaging.
On top of that, you can overlay the current volatility on top of the statistical volatility levels, which makes it easy to see whether the market is now trading in a high- or low-volatility regime relative to its usual behavior.

4 display modes – you can choose any visualization style that fits your trading workflow:
This indicator helps you define the most effective trading hours on any market by relying on historical volatility statistics.
Use it to quickly see when your market tends to be more active and to structure your trading sessions around those periods.
✅ We hope this tool becomes a useful part of your trading toolkit and helps you improve the quality of your decisions and timing.
OTT stands for Optimal Trade Time Volatility and is designed primarily for markets without a fixed trading session, such as cryptocurrencies that trade 24/7. At the same time, it works equally well on any other market.
🔶 The concept is straightforward. The indicator takes a specified number of historical periods (Samples) and statistically evaluates which hours of the day or which days show the highest volatility for the selected asset.
As a result, it highlights time windows with elevated volatility where traders can focus on searching for trade setups and building positions.
🔶 As the core volatility metric, the indicator uses ATR (Average True Range) to measure intraday volatility. Then it calculates the average ATR value over the last N Samples, creating a statistically stable estimate of typical volatility for the selected asset.
🔶 Statistically, during these highlighted periods the market shows higher-than-average volatility.
This means that in these time windows price is more likely to be subject to stronger moves and potential manipulation, making them attractive for active trade execution and position management.
⚠️ However, historical behavior does not guarantee future results.
These periods should be treated only as zones where volatility has a higher probability of being above normal, not as a promise of movement.
As shown in the screenshot above, the indicator also projects potential future volatility based on historical data. This helps you better plan your trading hours and align your activity with periods where volatility is statistically expected to be higher or lower.
🔶 Current Volatility – as shown in the screenshot above, you can also monitor the real-time volatility of the market without any statistical averaging.
On top of that, you can overlay the current volatility on top of the statistical volatility levels, which makes it easy to see whether the market is now trading in a high- or low-volatility regime relative to its usual behavior.
4 display modes – you can choose any visualization style that fits your trading workflow:
- Absolute – displays the raw volatility values.
- Relative – shows volatility relative to its typical levels.
- Average Centered – centers volatility around its average value.
- Trim Low Value – filters out low-volatility noise and highlights only more significant moves.
This indicator helps you define the most effective trading hours on any market by relying on historical volatility statistics.
Use it to quickly see when your market tends to be more active and to structure your trading sessions around those periods.
✅ We hope this tool becomes a useful part of your trading toolkit and helps you improve the quality of your decisions and timing.
Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Access RunRox premium indicators: RunRox.com/tv
Join our FREE Discord for Strategy, Live Translation and more: discord.gg/RunRox
Join our FREE Discord for Strategy, Live Translation and more: discord.gg/RunRox
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Access RunRox premium indicators: RunRox.com/tv
Join our FREE Discord for Strategy, Live Translation and more: discord.gg/RunRox
Join our FREE Discord for Strategy, Live Translation and more: discord.gg/RunRox
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.