OPEN-SOURCE SCRIPT
Updated STDev % by Alejandro P
This is a simple indicator that expands the usability of Standard deviation into a universally usable indicator.
This indicator displays the volatility as standard deviation as a % of asset value, this allows using more standardized and comparable values across multiple instruments and asset classes.
This indicator displays the volatility as standard deviation as a % of asset value, this allows using more standardized and comparable values across multiple instruments and asset classes.
Release Notes
Added revision numbers for tracking version in chart easily. Added Calculation Method options as suggested by commenter.
Now you can choose using STdev / Close or STdev / SMA(Close) for the period inputed
Added Relative Percentile Values option which transforms the indicator from an absolute value measure to a percentile based measure so it can be more easily compared across vastly different assets.
Release Notes
Improved inputs and changed default settings.Added clarity to Percentile Ranking inputs via tooltips.
Release Notes
Updated to V5Open-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.
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.
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.
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.