This script calculates the average volatility of trading sessions.
You specify a start date, an end date, and a session time (eg. market open, Asian session etc)
The script then scans through all the price action on your chart and calculates the average price movement during that specified period.
What Is It For?
I created this script for my own...
This is a two stochastic in one indicator :
We have a normal stochastic, and a slower one in order to identify changes in the price movement.
At the same time I added more levels, so its easier visually to identify in each scenario we are.
The slower oscillator, also change color based on direction it has.
Green color = long direction - > buy
Red color = ...
Simple indicator that just displays two labels. One at the lowest price with the percentage decrease since initial price and one at current price with the percentage change since initial price. Both labels can be toggled on/off in the settings.
Can be used to quickly analyze drops after IPO, for example if you have target percentage that the stock should drop...