Directional Expectancy

The Directional Expectancy tool is a volatility based indicator, It is a Directional Correlation to the Volatility given by the Historical Volatility Percentile.

We calculate this correlation function then visually color plot it across a moving average of the HVP.

Use this tool to not only gauge the Historical Volatility that is present as well as the Directional Expectancy of the volatility and price!