VIX - volatility indicator - Renko
Indicatore
Version 1.0, Feb 2025
Windows, Mac
Adjust the parameters: Enter the desired values for the LowLevel and HighLevel levels, and adjust the VIX Scale Factor so that the VIX line is the desired height.
Look at the graph:
When the VIX surpasses the HighLevel and the volume is high (green candles), you can consider that there is a breakout.
When the VIX is below the LowLevel, it may indicate a period of low volatility.
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