Chaikin Volatility (Indicator)
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Input Information
| Name | Expression | Default | Description |
| SmoothingType | Numeric | 1 | Specifies the smoothing method: 1 = Exponential Moving Average, 2 = Simple Moving Average. |
| MALength | Numeric | 10 | Number of bars to use for calculating MA. |
| ROCLength | Numeric | 10 | Number of bars to use to Rate of Change calculation. |
| ColorCellBGOnAlert | TrueFalse | True | Change cell background color when true, otherwise false. |
| BackgroundColorAlertCell | Numeric | DarkGrey | Color of cell background to use if above value is True. |
Market Synopsis
The Chaikin Volatility calculation compares the spread between high and low prices via Rate of Change (ROC) formula to measure volatility.
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | CV | Cyan | Plots the Chaikin Volatility value. |
| Plot2 | ZeroLine | Green | Plots a zero reference line. |
When applied to a chart, this indicator displays an oscillating line in a separate subgraph from the price data.
Related Functions
ChaikinVolatility