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A lot of people like the RSI and the ADX, but StDev is by far the best. Some people use 5 indicators to make their decisions. You only need StDev...
anyone here have a very good setting for this indicator?sorry for my bad english..
From the following book:
Technical Analysis from A to Z by S.B.Achelis.
Quote:
Overview
Standard Deviation is a statistical measure of volatility. Standard Deviation is typically used as a component of other indicators, rather than as a stand-alone indicator. For example, Bollinger Bands are calculated by adding a security's Standard Deviation to a moving average.
Interpretation
High Standard Deviation values occur when the data item being analyzed (e.g., prices or an indicator) is changing dramatically. Similarly, low Standard Deviation values occur when prices are stable.
Many analysts feel that major tops are accompanied with high volatility as investors struggle with both euphoria and fear. Major bottoms are expected to be calmer as investors have few expectations of profits.
Calculation
Standard Deviation is derived by calculating an n-period simple moving average of the data item (i.e., the closing price or an indicator), summing the squares of the difference between the data item and its moving average over each of the preceding n-time periods, dividing this sum by n, and then calculating the square root of this result.
I use standard deviation as a filter during sideways. Standard deviation measures how many unit the price is away from a moving average. For GBPUSD 1 hour, i won't trade if the deviation is less than 18 unit using LWMA 18 (Median price). Most newbies or even I could say exprienced traders do not use this indicator as its least benefit. However, if you trade using MAs cross, it would help you in exit and entry.
what indicators did u mean ?
Linear Mode
