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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.