What is this indicator?
By examining the widening of the distance between candle highs and lows, it warns of a probable trend reversal before it happens. This indicator doesn't show trend direction — it only flags the probability of a reversal.
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.