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multi-tf standard devs [keypoems]

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Multi-Timeframe Standard Deviations Levels

A visual map of “how far is too far” across any three higher time-frames.

1. What it does

This script plots dynamic price “rails” built from standard deviation (StDev)—the same math that underpins the bell curve—on up to three higher-time-frames (HTFs) at once.

• It measures the volatility of intraday open-to-close increments, reaching back as far as 5000 bars (≈ 20 years on daily data).
• Each HTF can be extended to the next session or truncated at session close for tidy dashboards.
• Lines can be mirrored so you see symmetric positive/negative bands, and optional background fills shade the “probability cone.”
Because ≈ 68 % of moves live inside ±1 StDev, ≈ 95 % inside ±2, and ≈ 99.7 % inside ±3, the plot instantly shows when price is statistically stretched or compressed.

3. Key settings

Higher Time-Frame #1-3 Turn each HTF on/off, pick the interval (anything from 1 min to 1 year), and decide whether lines should extend into the next period.

Show levels for last X days Keep your chart clean by limiting how many historical sessions are displayed (1-50).

Based on last X periods Length of the StDev sample. Long look-backs (e.g. 5 000) iron-out day-to-day noise; short look-backs make the bands flex with recent volatility.

Fib Settings Toggle each multiple, line thickness/style/colour, label size, whether to print the numeric level, the live price, the HTF label, and whether to tint the background (choose your own opacity).

4. Under-the-hood notes

StDev is calculated on (close – open) / open rather than absolute prices, making the band width scale-agnostic.

Watch for tests of ±1:

Momentum traders ride the breakout with a target at the next band.
Mean-reversion traders wait for the first stall candle and trade back to zero line or VWAP.

Bottom line: Multi-Timeframe Standard-Deviations turns raw volatility math into an intuitive “price terrain map,” helping you instantly judge whether a move is ordinary, stretched, or extreme—across the time-frames that matter to you.

Original code by fadizeidan and stats by NQStats's ProbableChris.
Nota Keluaran
Changelog (internal version v16):
- Bugfix: pruning of older periods fib levels now works according to settings.
Nota Keluaran
Changelog: (internal version v30)
- Fix memory leaks and refactor code to reduce memory footprint.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.