Volatility Scanner in raw form for number of currency pairs.
Author: JAN OPOCENSKY
I suppose you are talking about CHFJPY pair at D1 (daily) timeframe.
5%/70% means that:
1. body of the candle at specific day was 5% of the average body (average calculated of last 100 candles) for the pair.
2. high-low of the candle at specific day was 70% of the average high-low (average of last 100 candles) for the pair.
Value 5%/70% indicates something like small "doji" candle.
This indicator gives you information about volatility or uncertainty more than strength.
so, do i read this correct?
red means that volatiliy is low
blue means that volatlity is high?
i think you need to add these lines into your description, it is not clear.
red color means that both the body and the hilo of particular candle is under 50% of the average.
blue color means only body is under 50% of the average.