Standard deviation of the exponential moving average

This indicator emphasizes price movements when it moves away from or closer to the chosen moving average, within the envelope of its standard deviation. It serves as a complement to other indicators or can be used within a strategy by itself.

Release Notes

Improved deformation emphasis

Release Notes

* The code has been simplified y optimizado; some variables and the titles of some entries have been renamed.
* Included ema deviation value as input.
* A yellow line is included as a standard deviation of the difference between the value of the moving average and the assigned entry (price) for values below the histogram below 0, just as the blue line at the top already worked for values above to 0.
* Changed both the title of the indicator and the shorttitle.

Release Notes

* Header information.
* Best graphical example of the indicator

Release Notes

*Updated to Pine script v.5

Release Notes

* Correct entry of deviation.
* Input is included as a smoothing option

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

ceshead

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

ceshead