Standard Deviation Candles (With Emoji) — Indicator by animecummer

volatility trendanalysis stdev crayons candles colorscheme barcolor colours emoji

In crypto, significant price moves can be a sign of continuation or reversal. This script measures if price move is greater than a certain number of standard deviations vs. previous periods, then alters bar colours and/or prints an emoji signal.

Release Notes:

set default high/low inputs as "high" and "low" (you can also use close) and re-published for better preview image

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.

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