Lentz Volatility oscillator displays the difference between average ATR and ATR for a specified number of periods.
The indicator has three input parameters:
- ATR period – ATR calculation period
- Smoothing period
- Smoothing method
Calculation:
LV = AvgMA - ATR
where
AvgMA = MA(ATR, Smoothing period, Smoothing method) ATR - ATR(ATR period)