VOLATILITY COMPARISON METHODOLOGY
A simple method to compare the volatility of two securities.
//@version=2
study("VOLATILITY COMPARASION", overlay=false)
comp1 = input('BTCUSD', type=symbol)
comp2 = input('IF1!', type=symbol)
input = security(comp1,period,close[1])
bars = input(100)
h = highest(input,bars)
l = lowest(input,bars)
dif = h/l
avgDif = (sma(dif,bars)-1)*100
plot(avgDif, title="VOL1", color=black)
input2 = security(comp2,period,close[1])
h2 = highest(input2,bars)
l2 = lowest(input2,bars)
dif2 = h2/l2
avgDif2 = (sma(dif2,bars)-1)*100
plot(avgDif2, title="VOL2", color=red)