OPEN-SOURCE SCRIPT
Indicator - EVZ Chart - DG
Hey Traders, this is the 
EVZ chart plotted as an indicator. The EVZ is the Euro Volatility Index, which can be used to measure volatility in markets.
The use of theEVZ could be helpful for trend traders of FX. The concept developed by VP of no nonsense forex, we can use the value of the EVZ to determine when we put on full risk if there is high volatility, half risk when there is medium volatility, or no risk if there is very low volatility.
This indicator has 2 adjustable horizontal lines, so you can put in the conditions or thresholds you need for your trading strategy.
Happy trading,
DG
EVZ chart plotted as an indicator. The EVZ is the Euro Volatility Index, which can be used to measure volatility in markets. The use of the
EVZ could be helpful for trend traders of FX. The concept developed by VP of no nonsense forex, we can use the value of the EVZ to determine when we put on full risk if there is high volatility, half risk when there is medium volatility, or no risk if there is very low volatility. This indicator has 2 adjustable horizontal lines, so you can put in the conditions or thresholds you need for your trading strategy.
Happy trading,
DG
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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