It shows implied volatility of options on United States Oil Fund (USO).
tracks 30-day expected volatility in crude oil prices, derived from the pricing of USO options — similar to how the VIX measures expected equity volatility from S&P 500 options.Higher OVX values indicate greater expected oil price swings (volatility) Lower OVX values suggest more stable expectations for oil pricesApplies the VIX methodology, meaning it doesn't assume direction — it simply measures the magnitude of expected moves.---
It can be accessed on the Trading View website, the code is OVX, here is a direct link.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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