OPEN-SOURCE SCRIPT
Standard Deviation Advanced
Simple original version by stefan1234
Modifed by PolarSolar:
- add two color columns instead one color line
- add different color for columns below flat level or above strong move level
- add bar colors as histogram colors (can on/off)
You must set levels manually for each timeframe and each ticker!!! Typical ratio flat:strong is a 1:10
Works as Wiliams VixFix. Best use - intraday or swing with Bollinger Bands
Modifed by PolarSolar:
- add two color columns instead one color line
- add different color for columns below flat level or above strong move level
- add bar colors as histogram colors (can on/off)
You must set levels manually for each timeframe and each ticker!!! Typical ratio flat:strong is a 1:10
Works as Wiliams VixFix. Best use - intraday or swing with Bollinger Bands
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.