I wrote this indicator based on an article in December 2011 Active Trader magazine on Lentz Volatility Indicator used for non-directional premium selling strategies.
The indicator is basically a measure of volatility where positive values suggest favorable conditions for non-directional premium selling. Negative values provide a warning against non-directional premium selling.
The indicator can also be used to determine whether the market is trending, ranging, or undecided.
Enjoy!
Exported using: NT7.0.1000.7
Category The Elite Circle
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