Description
The HL Volatility study introduces a different approach to measuring volatility, the tendency of price to fluctuate. This approach takes into account minimum and maximum prices on a certain period and relates them to the current price.
The HL Volatility is calculated as percentage ratio of exponential moving averages of two values:
- difference between the highest high and the lowest low on the specified period;
- current close.
Input Parameters
| Parameter | Description |
|---|---|
length
|
Defines the period on which the highest and the lowest prices are registered. |
Plots
| Plot | Description |
|---|---|
HLVolatility
|
The HL Volatility plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.