OPEN-SOURCE SCRIPT
Future SD Projection
Updated
Future Standard Deviation Projector
This innovative indicator projects price volatility into the future, helping traders anticipate potential price ranges and breakouts. It calculates standard deviation bands based on recent price action and extends them forward, providing a unique perspective on future price movement possibilities.
Key Features:
- Projects standard deviation bands into the future
- Customizable lookback period for volatility calculation
- Adjustable future projection timeframe
- Flexible standard deviation multiplier
- Clear visual signals for band breaches
How it works:
1. Calculates standard deviation from recent closing prices
2. Projects upper and lower bands into the future
3. Plots these bands on the chart
4. Signals with arrows when closing price crosses projected bands
Use this indicator to:
- Gauge potential future price ranges
- Identify possible breakout levels
- Assess market volatility expectations
- Enhance your trading strategy with forward-looking volatility projections
Customize the settings to align with your trading timeframe and risk tolerance. Remember, while this tool offers valuable insights, it should be used in conjunction with other analysis methods for comprehensive trading decisions.
Note: Past performance and projections do not guarantee future results. Always manage your risk appropriately.
This innovative indicator projects price volatility into the future, helping traders anticipate potential price ranges and breakouts. It calculates standard deviation bands based on recent price action and extends them forward, providing a unique perspective on future price movement possibilities.
Key Features:
- Projects standard deviation bands into the future
- Customizable lookback period for volatility calculation
- Adjustable future projection timeframe
- Flexible standard deviation multiplier
- Clear visual signals for band breaches
How it works:
1. Calculates standard deviation from recent closing prices
2. Projects upper and lower bands into the future
3. Plots these bands on the chart
4. Signals with arrows when closing price crosses projected bands
Use this indicator to:
- Gauge potential future price ranges
- Identify possible breakout levels
- Assess market volatility expectations
- Enhance your trading strategy with forward-looking volatility projections
Customize the settings to align with your trading timeframe and risk tolerance. Remember, while this tool offers valuable insights, it should be used in conjunction with other analysis methods for comprehensive trading decisions.
Note: Past performance and projections do not guarantee future results. Always manage your risk appropriately.
Release Notes
Future Standard Deviation ProjectorThis innovative indicator projects price volatility into the future, helping traders anticipate potential price ranges and breakouts. It calculates standard deviation bands based on recent price action and extends them forward, providing a unique perspective on future price movement possibilities.
Key Features:
- Projects standard deviation bands into the future
- Customizable lookback period for volatility calculation
- Adjustable future projection timeframe
- Flexible standard deviation multiplier
- Clear visual signals for band breaches
How it works:
1. Calculates standard deviation from recent closing prices
2. Projects upper and lower bands into the future
3. Plots these bands on the chart
4. Signals with arrows when closing price crosses projected bands
Use this indicator to:
- Gauge potential future price ranges
- Identify possible breakout levels
- Assess market volatility expectations
- Enhance your trading strategy with forward-looking volatility projections
Customize the settings to align with your trading timeframe and risk tolerance. Remember, while this tool offers valuable insights, it should be used in conjunction with other analysis methods for comprehensive trading decisions.
Note: Past performance and projections do not guarantee future results. Always manage your risk appropriately.
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
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.