HLVolatility

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.

You may also like
Globals
This area will only be displayed for studies that use the DefineGlobalColor function. In this ...
MomentumPercentDiff
The Momentum Percent Diff is a momentum-based technical indicator. Unlike the regular Momentum ...
Percentage View
Percentage view is a TOS feature that enables you to view price changes as percentage values. ...