Could we have this indicator updated with the newest (smoothing) averages and prices? And colorchanging depending on the slope?

"It is similar to Standard Deviation, but on a first glance you shall notice that it is "faster" than the Standard Deviation and that makes it useful when the speed of reaction to volatility is expected from any code or trading system"

Also it would've been interesting to see this code used in(stead of) different volatility and/or stdev based indicators.