Indicator Description

CHV (Chaikin Volatility) is a volatility indicator that reflects market volatility and trend changes by calculating the price volatility range.

Function Information

• Function Name: CHV
• Input Parameters: High, Low
• Parameter Settings: timeperiod (default: 13)
• Output: None

Calculation Principle

CHV is calculated using the following formula:

Range = High - Low
SARange = EMA(Range, timeperiod)
CHV = (SARange - SARange[-1]) / SARange[-1] * 100

Where EMA is the Exponential Moving Average.

Usage Scenarios

1. Volatility analysis
2. Trend strength judgment
3. Market sentiment assessment
4. Trading signal generation

Usage Recommendations

1. Increasing CHV value can be seen as increased market volatility
2. Decreasing CHV value can be seen as reduced market volatility
3. Use in combination with price trends
4. Pay attention to changes in volatility