pbghosh

1 SD Levels

This script will plot the levels calculated from 1 Standard Deviation method. This script will not work with lower time frames, such as 1, 2, and 3 minutes due to the limitations of pine script to refer back historical candles or bars. This script requires 2 months of historical candles or bars to calculate the volatility of the selected stock. So, the total number of historical candles or bars with regards to 1, 2, and 3 minutes goes beyond the pine script limitations.
Release Notes: In this version, I have corrected the logical errors in the calculation of volatility.
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

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