Volatility Indicator

Volatility Indicator

The Volatility Indicator builds upon the foundation of the Volatility Table, inheriting all its core functions while introducing powerful new features for enhanced market analysis:

1. Visual Bar Attribution – Displays directly on the chart which historical bars (time periods) contributed to the latest volatility value, providing immediate context for price action.
2. Dynamic Volatility Trend Analysis – Expands beyond a single volatility reading by:
   • Comparing current volatility against the average market volatility (configurable period).
   • Visualizing the trend direction (rising/falling) via the indicator window, helping identify volatility regimes.

Use Cases:

• Quickly validate whether recent price movements are outliers or part of a broader volatility shift.
• Spot convergence/divergence between volatility trends and price for potential reversals.

Note: All original Volatility Table settings (periods, calculations, etc.) remain fully customizable.