Daily Volatility Tracker

Daily Volatility Tracker

Daily Volatility Tracker is a practical and lightweight indicator designed to help traders monitor and analyze market volatility based on historical daily price movements.

Whether you're a day trader, swing trader, or scalper, understanding how much a market moves per day is critical for:

• Choosing the right pairs to trade
• Setting accurate stop-loss and take-profit levels
• Adapting to changing market conditions

What This Indicator Does

This tool calculates and displays the daily range (High - Low) of price movements for the most recent trading days.

It gives you clear insights into:

• The highest movement among the selected days
• The lowest movement
• The average daily range in points
• A daily breakdown with day initials (e.g. Monday - 254 points, Tuesday - 310 points, etc.)

Everything is presented cleanly on your chart using a label system that works well with both light and dark themes.

How the “Last 5 Days” Are Counted

• Automatically skips weekends (Saturday and Sunday)
• Uses the most recent valid trading days (Monday through Friday)
• Includes today if it’s a weekday
• For example, if today is Monday, it includes:
  • Monday (today)
  • Friday
  • Thursday
  • Wednesday
  • Tuesday

This ensures the volatility data is accurate and relevant to current trading conditions.

Main Features

• Displays key volatility stats directly on your chart
• Counts only valid trading days
• Customizable font size and color
• Clean, multi-line label system for easy reading
• Works on any timeframe (uses Daily candles for calculation)

How to Use It

• Attach the indicator to any chart
• Set how many past days to measure (default: 5)
• Instantly view:
  • Highest, average, and lowest point ranges
  • Daily movement per day (e.g. M - 254 pts)

Use this data to:

• Compare volatility across different symbols
• Identify high-volatility pairs to trade
• Avoid low-activity or flat market conditions

Who It’s For

• Traders who want quick visual insight into recent market activity
• Those looking to identify the most volatile currency pairs
• Traders who rely on volatility-based strategies or setups

Daily Volatility Tracker helps you understand what the market is actually doing, so you can trade smarter with real volatility insight.