Nexalgo Volatility Plus

🔧 [Nexalgo] Volatility Plus – Invite-Only Indicator
The Volatility Plus indicator combines ATR-based volatility metrics with trend strength measurements. It is designed to visualize market conditions related to volatility and trend dynamics.

🧠 Key Components:
ATR Calculation

Displays Average True Range to measure historical price volatility over a defined period.

Includes multiple smoothing options: RMA, SMA, EMA, WMA.

Trend Strength Analysis

Calculates trend momentum using a moving average.

Expresses directional bias and intensity as a percentage.

Volatility Visualization

Color-coded system for current volatility:
Green = low, Yellow = moderate, Red = high.

Dashboard Display

Positioned in the lower-right of the chart.

Shows real-time values for: ATR, ATR %, volatility class, and trend strength.

Uses a neutral background for readability.

⚙️ Customization:
ATR length, moving average type, and calculation period are adjustable.

Adaptable to multiple market styles and timeframes.

📝 Example Applications:
Monitoring volatility levels to observe changing market conditions

Comparing trend strength across timeframes

Supporting technical analysis frameworks with contextual metrics

⚠️ Disclaimer:
This indicator is a technical tool intended for analysis only. It does not provide financial advice, nor does it guarantee performance. Traders are responsible for their own decisions and risk management.