Standard Deviations Levels

ramstox Updated   
This indicator helps to find standard deviation levels for any FnO stocks. Use these levels for intraday timeframes(5M/15M).

How to use:

Indicator Settings, Configure below values
1. Volatility: Volatility of stocks/index, find that using traderscockpit or nse website.
2. Close: Last week closing price of the stock.


1. Find how prices are taking/rejecting at support/resistance
2. Levels acts like supports and resistance.

Added nifty chart for reference.
- Volatility (Annual Futures Volatality) : 22.52 (For dated on 2021-10-22)
- Close Price: 18114.9

Note: You need to update Volatility and closing price every week for next week trading levels. And also do some backtesting with these levels.

- If anyone wants to use Gann levels, can uncomment levels from GANN LEVELS Section(Line no 52 to 68 ) in the code.
- You can also change period to daily as 1 and closing price would be previous day close.

- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Release Notes:
Updated author details.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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