Relative Volatility Index with new volatility calculations & optionsmrtools wrote: Sat Feb 04, 2023 10:21 am Think a version has been posted here but this is some background on it.
Relative Volatility Index
Definition
The Relative Volatility Index (RVI) is a volatility indicator, much like the Relative Strength Index (RSI), but with a few key differences. The RVI measures the standard deviation of prices as they change over time, whereas the RSI measures absolute price changes. The Relative Volatility Index is plotted on the chart and ranges from 0 to 100.
Updating this version with more averages and some more choices for volatility calculation. Volatility options include built in mt4 atr, custom atr, adaptive atr, standard error, ema deviation, adaptive ema deviation, custom standard deviation - with sample correction, or custom standard deviation - without sample correction.
