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Shotoki Volatility Index

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Hi, I finally coded a volatility index I'm proud of !

The formula is quite simple : It's the inverse of the maximal volatility that a candle can have

We find 2 lines : the white one, the volatility index ; the delayed index

The yellow area highlight the moment where we have more volatility
the gray one is when the market is quiet, it's not recommended to take decision in these moments

when the index is rising, there are less volatility
when the index is decreasing, the volatility is increasing

Shotoki

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