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Volatility Vortex
Purpose: The Volatility Vortex is a banded indicator based on the theory of Mean Reversion using Moving Average Envelopes to identify potential reversal points.
How to Apply: Choose “Volatility Vortex [Market Spotter]” through the “Invite-only scripts” on TradingView.
Characteristics: Volatility Vortex can be used in its default state. Users have the flexibility to modify the channel and line plotting settings. This indicator highlights when price intersects with the Vortex lines as potential entry and exit points, utilizing upper and lower bands to signal pivotal points in the market, facilitating a strategic approach to mean reversion trading strategies.
Alerts: TradingView alerts are notifications that keep traders informed about specific market conditions or price movements in real-time. Users can set them up based on parameters like price levels or technical indicators. These alerts help traders stay updated and make timely decisions to optimize their trading strategies. You can learn how to set alerts with our indicators by viewing this tutorial.