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.
To add and set up this indicator, open the settings window.
Sourse - setup of the indicator calculation parameters:
Period - setup of the indicator calculation period.
Panel - selection of the indicator position on the chart:
- New panel.
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:
- Up arrow
- Down arrow
- Axis label
Line style -setup of the line display:
Width - width setup for the indicator line.
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