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Analyzing the behavior of Chaikin's Volatility index I was wondering how it should behave in a modified version, following J.Ehlers suggestions, applying a stochasticization process to it, so this is the result.
Sure now it does not have much to do with the original one but it seems interesting and I would like to share it.
Stochastic Chaikin's Volatility

Scripts deletes all objects from the diagram.

This indicator uses a combination of Bollinger Bands and Keltner Channels to capture moves from low to high volatility.

This indicator for draw an Arrows for buy & sell , it's Depends on T3 Indicator http://forum.m-e-c.biz/t29283.html

A rework of a script by iliko, with the addition of the standard deviation of the estimator of the box-counting dimension