Volatility Oscillator by Vitali Apirine
It’s versatile—you can use it to identify overbought/oversold levels, divergences, and trends. Here are some ways you can use it.
The volatility oscillator is an indicator that measures the percentage of standard deviation. The volatility oscillator (VolatOsc) is based on the idea of trading bands, which is something that was developed by John Bollinger. VolatOsc decreases as standard deviation narrows and increases as standard deviation widens. VolatOsc fluctuates above and below the zero line. The indicator also has volatility bands placed above and below the zero line. Even though the VolatOsc is unbounded, you can use it to identify overbought and oversold levels. Divergences between price and the indicator can also generate trading signals. And you can use VoltOsc to identify the general trend ...