OPEN-SOURCE SCRIPT

StDev Bands

This is a "bands"-type indicator. It was developed out of my Sharpe Ratio indicator. It uses the standard deviation of returns as basis for drawing the bands. I'm going to update this indicator as the other indicator evolves. Please be sure you know how to calculate Sharpe Ratio and check out the Sharpe Ratio indicator as well. This will help you understand the purpose of this indicator a bit more.

As a very short introduction. Many investors use the standard deviation of returns as risk measurement. I admit the defaults of this indicator aren't perfect. Normally investors use the standard deviation over a 1 year period. Traditional finance uses 265 days, and because crypto never sleeps, we could use 365. I defaulted it to 20.
Bands and ChannelssharpestandarddevationStandard Deviation (Volatility)Volatility

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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