Price Volatility Index[Version No.1]

The 'Price Volatility index' indicator shows the amplitude of the price. It's called PVI.

If the PVI index rises, it means that the inertia of the price is sufficiently supplied.

The key point here is that the rise in the PVI index doesn't mean the price is going up, and the decline in the PVI index is not going to go down.

Shows the strength of the amplitude of the price regardless of directionality.

If the PVI indicator rises, it means that the amplitude of the price is strong, and if the PVI indicator decreases, the amplitude of the price will be weakened, indicating a directionless market.

"This indicator had reused indicator which name is 'CEMA'.

Reused indicator URL:[url= tradingview.com/u/mvtradeide...] tradingview.com/u/mvtradeide...

reused indicator 'CEMA' CODE

study(title="Color EMA", shorttitle="CEMA", overlay=true)
en = input (10, minval=1, Title="Length")
src = input(close, Title="Source")
out = ema ( src , le)
(out, color=out>out?green:out[out?red:blue, linewidth=2, transsp=0, Title="CEMA")