ChaikinVolatility

Description

The Chaikin Volatility study is a technical indicator used to predict trend reversals based on volatility analysis. This indicator interprets volatility as expansion of the range between High and Low prices. The Chaikin Volatility indicator is calculated as the rate of change of the average trading range.

In downtrend, a sharp surge in Chaikin Volatility is considered a sign of further bullish trend reversal. In uptrend, gradual decreasing of Chaikin Volatility over a long time period indicates possible bearish reversal.

Input Parameters

Parameter Description
ro clength The number of bars used to find the past value of the average.
length The number of bars used to calculate the Simple Moving Averages.

Plots

Plot Description
CV The Chaikin Volatility plot.
ZeroLine The zero level.

Example*

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

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