Below is another 2 examples of a "boom". Everything sucks in before exploding out.
Below is an example of a dump:
144 plot(len1 * 3 ,"3xlen1", color=#bbd9fb)//original line
155 cond1 = rcm < 20 and len < 20 and average < 20 and len1 < 20//original line - had problems because of the len1*3 issue
160 cond3 = crossunder(average,20)//KB edit from "crossover"
166 bgcolor(cond2 and bgcolor ? color.new(color.white, transp=inputBackgroundTransparency) : na, title="cond2 Background")//KB changed from cond1.
169 plotshape(signals ? cond3 : na, title="Neg Crossover", location=location.top, style=shape.circle, size=size.tiny, color=color.new(color.red, transp=20))//KB Edit to Neg Cross over not Pos Crossover
There are 3 lines displayed. All are based on formulas by John Ehlers. These lines measure the cycles of charts, using them together we can enter trades at the beginning/end of cycles. These are moments of extreme volatility.
Cosine IFM - An instantaneous frequency measurement of dominant cycle periods.
In-phase and quadrature IFM - An instantaneous frequency measurement of dominant cycle periods using in-phase and quadrature analysis.
Average - Average of the 2 above lines as well as RCM. These are strong cycle measurements as it uses 3 sets of data to find the mean.
The white and purple lines will help find explosive volatility.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.