1 SD Levels — Indicator by pbghosh

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

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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