What is the Standard Deviation indicator?
The Standard Deviation indicator measures how much price movements deviate from the average price over a selected period.
It is commonly used to evaluate the level of volatility in the market.
What does the Standard Deviation indicate?
- Higher values indicate higher volatility.
- Lower values indicate lower volatility.
This helps traders understand how widely prices are fluctuating from their average value.
How it is used in indicator triggers
Standard Deviation can be used in triggers to detect changes in market volatility.
- The indicator crossing above a defined volatility level
- Comparing volatility levels with another indicator
This helps strategies respond to volatility expansion or contraction.
Note:
- Standard Deviation measures volatility but does not indicate market direction.
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