Overview The Premarket Std Dev Bands indicator is a powerful Pine Script tool designed to help traders gain deeper insights into the premarket session's price movements. This indicator calculates and displays the standard deviation bands for premarket trading, providing valuable information on price volatility and potential support and resistance levels during...
🔮☁️ This is the BASIC version of the PROBABILITY CLOUD indicator. It is an evolution beyond traditional standard deviation probabilistic indicators only using bands or channels. The new PROBABILITY CLOUD graphic representation with customizable transparent layers is based on -2 / +2 standard deviation calculated using 20 fixed predetermined time periods, and is...
Standard deviation levels to determine if the price is over-extended in the positive/negative direction about the user defined MA line. Historical confluence with the different levels can be used to estimate and predict the probability of a significant price retracement within given time-scale; and to help anticipate if the price is nearing local or all-time highs/lows.