VR
Volatility Ratio
Description
This Volatility ratio is derived from the
Volatility Ratio used by Jack Schwager in "Technical Analysis" to identify
wide-ranging days. Designed to highlight breakouts from a trading range, this VR
compared to true range for the indicator period.
Category
Volatility Indicators
Parameters
N ( Default: 26
Min: 5 Max: 300 )
Chart Script
LC:=REF(CLOSE,1);
SUM(IF(CLOSE>LC,VOL,0),N)/SUM(IF(CLOSE<=LC,VOL,0),N)*100;