What is this indicator?
Shows whether the market is trending or moving sideways in a range without direction. A high reading signals a ranging market, and a low reading signals a strong, directional trend.
How to read the chart
A rising reading means market volatility has increased and the risk of sharp swings has gone up, while a falling reading signals relative market calm.
Practical tip
This indicator doesn't show price direction — it shows the intensity of volatility; it should be viewed alongside other tools when deciding on entries and exits.