Standard Deviation Bands
Standard Deviation Bands
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"Price" - This can be Close, Open, High,
Low, HL MidPoint, HLC MidPoint or HLCO MidPoint
"Length" - is the number of time periods used when computing SMA (Simple Moving Average) or TMA (Triangular MOving Average) |
"Standard Deviation Bands" are displayed as two bands: "Upper Band" and "Lower Band". The following formulas are used to calculate these:
where:
"D" is the number of standard deviations (two deviations)
From "Indicator Properties" you can change the settings for indicator:
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You can set line color, thickness and style for "Upper Band" and "Lower Band". Also you can set the "Price" type and the "Length" used to calculate the PriceChangeAvg.
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