Indicators
Standard Deviation
What is it?
Standard Deviation measures how much an asset’s price deviates from its average, indicating volatility. It’s a statistical tool to understand price consistency.
How is it used?
- Volatility: High standard deviation means high volatility; low means stability.
- Bollinger Bands: It’s a key component of Bollinger Bands.
- Mean reversion: Extreme deviations from the mean often revert.
How is it calculated?
StdDev = √[(Σ(Price - SMA)²) / n]
Where n is the period, and SMA is the mean price over that period.
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