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SpaghettiScott

Scott’s volatility histogram

SpaghettiScott  
Volatility ATR volatily
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volatility atr volatily
ATR shows volatility. SMA of ATR measures the average volatility over a chosen look-back period (default 200).
Divergence of ATR and sma is represented as a histogram.
Low periods of volatility are below the zero line. High periods of volatility are above the zero line.
Average volatility over a 200 period look-back is the zero value.
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