Standard Deviation For Recovery — Indicator by sylvain.rochette

Standard Deviation For Recovery, If you are using martin gale strategy, you can use this, just use the first GREEN line on the indicator, please note once GREEN, does not mean it's always safe to continue...

It's just a tool

Release Notes:

Eliminated a hardcoded value to work with the current LENGTH

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.

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.

Want to use this script on a chart?