Support Board
Date/Time: Wed, 15 Jan 2025 15:40:19 +0000
Post From: Standard Deviation of Return on Bar
| [2015-09-04 02:25:27] |
| Acro - Posts: 441 |
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Actually, the standard deviation study doesn't do what I thought it did. I was hoping it would show me how the current bar difference is compared to the standard deviation of the last 20 bar differences. It does something different and without unhiding the Bar Difference study I'm not sure what it shows. In the attached image I have unhidden Bar Difference (green and red bars) and also plotted the Standard Deviation as a blue dash line and SD Bands as grey lines. You can see that without also plotting the Bar Difference, the blue line would have not made the news based price spike at 0830 yesterday (ECB Press Conference) stand out from the crowd. Instead the standard deviation bands get me some way toward my goal as you can see that the Bar Difference clearly breaches the two deviation band provided you do plot the Bar Difference. Is there any other study or function I can use to help me make the bar difference stand out from a statistical/standard deviation perspective ?? Thanks |
 Screenshot 2015-09-04 10.24.41.jpg / V - Attached On 2015-09-04 02:25:18 UTC - Size: 136.27 KB - 447 views |