ChaikinVolatility (CVL)
Description
The Chaikin Volatility Indicator is one of a few indicators that are designed to try and measure price movement fluctuations. Chaikin takes the daily price range (daily high minus daily low) as the fundamental measure of volatility. With this indicator, a widening range is, by implication, associated with a higher volatility.
Interpretation
The indicator oscillates around the zero line and fluctuates between a scale of +100 to -100. It can be used on a daily chart as well as on a weekly or monthly chart. All values above the zero line represent rising volatility, and the gradient of the rise implies the seriousness of potential floors forming. The Chaikin Volatility is not specifically used to define exact signals, but is considered as more of an assisting tool in the trading system.
Usage
Return value
double
When using this method with an index (e.g. ChaikinVolatility(14)[int barsAgo] ), the value of the indicator will be outputted for the referenced bar.
Parameters
inSeries Input data series for the indicator
period Number of bars included in the calculations
Visualization
Example
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