The Standard Deviation Volatility Helper is designed to assist traders in visualizing market volatility using a set of standard deviation lines based on price movements. This indicator is often used to help identify the expected move of an asset by looking at the price’s deviations from the mean, with a smoothing option for enhanced clarity. The Standard Deviation Period and MA Smoothing Length are fully adjustable, allowing traders to fine-tune the indicator according to their market analysis.

Standard Deviation Volatility Helper in action on a selected financial instrument.

    Complete list of features included in this indicator:

• 3 Merged Standard Deviation Lines: Offers a consolidated view of standard deviation across three levels to enhance trend analysis.
• Standard Deviation Period (In Days): Adjust the period used to calculate the standard deviation.
• Standard Deviation Length: Specifies the length of data used for calculating standard deviation.
• MA Smoothing Length: Smooth the volatility line for clearer trend identification.
• Enable Smoothing Option: Optional smoothing to adjust the volatility output for a better understanding of market trends.

This indicator uses default settings, which should be fine-tuned to align with the specific characteristics of the market instrument being analyzed. Adjustments may be necessary to optimize performance in different market conditions.