Standard Deviation Bands

Standard Deviation Bands is a technical indicator, which is based on the SMA and StdDev indicators. The indicator consists of two moving averages (High and Low) and a channel (the upper channel is the sum of the moving average High and StdDev, the lower channel is the difference between the moving average Low and StdDev).

The indicator view in the chart.

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The indicator has the following parameters:

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Settings

Period - setting of the indicator calculation period.

Channel Width - setting of the channel width coefficient.

Common

Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Drawing

Panel - selection of the indicator location in the chart:

  • New panel
  • Chart

Top Band, Bottom Band, Simple Moving Average 1, Simple Moving Average 2

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

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color - color setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

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

Line style - setting of the line display style:

  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

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