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    High-Low Volatility
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      High-Low Volatility

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        Article summary

        The High-Low Volatility indicator measures price volatility in a specific way: it considers min and max price values for a given period and relates them to the current price. The values are calculated as a percentage ratio of two EMAs, EMA1 for the difference between highest high and lowest low prices, and EMA2 for the current close.

        High-Low Volatility = EMA1 (Highest High - Lowest Low) / EMA2 (Current close) * 100

        where:
        EMA – Exponential Moving Average

        High-Low VolatilityHigh-Low Volatility

        INPUTS

        InputDescription
        LengthThe number of periods the indicator uses to calculate EMAs

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        H-LvltThe High-Low Volatility plot
        ZeroThe zero level
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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