Volatility (Vol)

A tight session

Narrow candle ranges, small bodies. Below 1x, this symbol is moving less than its own usual amount for this time of day.

Takeaway: Quiet isn’t neutral — it’s a measurable below-normal reading, same scale as an elevated one.

An expanded session

Wide candle ranges, bigger bodies. Above 1x, this symbol is moving more than its own usual amount for this time of day.

Takeaway: This is range and open/close behavior, not raw volume — Vol and P can move independently.

What

Vol compares current price volatility — candle range plus open/close behavior — to the time-of-day norm for this symbol. Shown as a multiplier and, on the grid, as text color: gold that gets stronger and eventually bold from 3x up.

So what

Vol answers “how much is this thing actually moving,” separate from “how much volume is trading” (P, D-P) and separate from “which way is it going” (2D, 1W). A quiet Vol reading during a P spike is its own kind of tell — volume without range expansion.

Now what

Low Vol can mean a level is being tested quietly, or that nothing is happening yet — context decides which. High Vol means stops and targets sized for a normal session may be too tight; give the range more room or expect it to close faster than usual.