SMU STDEV Candles — Indicator by stockmarketupdate

Standard Deviation Standard Deviation (Volatility)

This script creates a STDEV in a candle format so you can see the Change in a candle format and compare it with the actual price candle.

Is very similar to SMU RSI and SMU ROC. The interesting part is to see the full effect of traditional indicators in a candle format rather than a simple plot format. Very interesting view in SPX. There is a very big clue in the chart as STDEV changed since 2008. Can you figure it out?

Also, try this in lower time frame and you will be amazed how Algo kills volatility after each upside or downside. Fascinating

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?

Related Ideas

about SPX500USD