Technical indicator of standard deviation (Standard Deviation, StdDev) measures the market volatility. This indicator characterizes the price range as to the moving average. If the indicator value is large, the market is volatile and bar prices are quite scattered as to the moving average. If the indicator value is small, the market is exposed to low volatility and bar prices are sufficiently near to the moving average.

Indicator view on the chart.

Image 2357

To add and set up this indicator, open the settings window.

Image 2358


Sourse - setup of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Period - setup of the indicator calculation period.


Panel - selection of the indicator position on the chart:

  • New panel.
  • Chart.


Show value - display of the indicator value on the left on the price scale.

Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.

Color - color setup of the indicator.

Visual type - visual setup of the indicator display on the chart: 

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style -setup of the line display:

  • Solide
  • Dash
  • Dash-dot
  • Dash-dot-dot

Width - width setup for the indicator line. 

Is this article helpful for you?