Chaikin VolatilityThe Chaikin Volatility function determines the volatility of a security using the percentage change in a moving average of the high versus low price over a given time. It is most useful in conjunction with a moving average system or price envelopes.
The Period parameter determines the period for the moving average, while the ROC period parameter denotes the number of bars to use in the percentage change calculation.
Look for sharp increases in volatility prior to market tops and bottoms, followed by low volatility as the market loses interest.
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