Timeframe M1 · unit %
The percentage change in a 10-bar EMA of daily high-minus-low range over the past 10 bars. Captures the rate of change of the bar range expansion or contraction.
Positive values indicate bar ranges have been expanding relative to 10 bars ago - volatility is growing. Negative values mean ranges have been contracting. Zero is the neutral baseline. This indicator measures the VELOCITY of volatility change, not its absolute level.
Rather than asking 'are bars wide or narrow?', Chaikin Volatility asks 'are bars getting wider or narrower compared to 10 bars ago?' It's a derivative of volatility - the acceleration gauge.
Janira computes Chaikin Volatility (10) deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.