The Swami Volatility study is a technical indicator designed for Thermo Mode; it is used for detection of unusual changes in price action which can signify trend reversals. Like in all Thermo Mode specific studies, shorter lookback periods reflect recent changes, middle range periods are used for confirmation, and the longest ones signify possibility of continuation.

Swami Volatility is calculated by comparing current true range to its SMA over the specified number of bars. In default color scheme, green areas indicate higher volatility while red areas signify lower volatility.


Input Parameters

Parameter Description
length The number of bars used with SMA.


Plot Description
Aurora The Swami Volatility plot used in Thermo Mode.


*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.

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