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OPEN-SOURCE SCRIPT
Updated

Volatility based Standarde Deviation and Fib. Pivot Points

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This indicator plots Standard deviation levels and Fib. Pivot Points. I prefer to use only SD levels but Fib. levels also come handy in providing support and resistance.

How to use this indicator:

You have to manually enter instrument's Closing Price / Settlement Price and VIX closing price to draw each day's levels.

For NQ, I use VXN closign price and for ES or RTY, I use VIX closing price.

This indicator can be used on individual stocks and forex pairs.
Release Notes
Fixed Fib calculaion.
Release Notes
Updated standard deviation lines up to 4 levels since volatility is back acrosss the equity and futures market.
Release Notes
Fixed small bug
Release Notes
Small enhancements

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

hammadshahir
Also on:
fibStandard Deviation (Volatility)Trend AnalysisVolatility

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fibStandard Deviation (Volatility)Trend AnalysisVolatility

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

hammadshahir
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.