A simple method to compare the volatility of two securities.
//@version=2 study("VOLATILITY COMPARASION", overlay=false) comp1 = input('BTCUSD', type=symbol) comp2 = input('IF1!', type=symbol) input = security(comp1,period,close[1]) bars = input(100) h = highest(input,bars) l = lowest(input,bars) dif = h/l avgDif = (sma(dif,bars)-1)*100 plot(avgDif, title="VOL1", color=black) input2 = security(comp2,period,close[1]) h2 = highest(input2,bars) l2 = lowest(input2,bars) dif2 = h2/l2 avgDif2 = (sma(dif2,bars)-1)*100 plot(avgDif2, title="VOL2", color=red)