Relative Percentile Volatility by Unelma

The indicator estimates a smoothed volatility and plot it against volatility from the lookback period. This results in a relative volatility measures.
Readings above 50 indicate high volatility with respect to lookback period, viceversa below 50.
It may be very useful in a trading system to spot high/low volatility periods.

The signal is smoothed using Sine/Cosine waving method, it s not a sma.
The comparison is done using a quantile approach.

UnCheck the percentile option to have a percentage volatility measure. I suggest a look-back of 60 days.