HG StdDev

The HG StdDev indicator provides a dynamic view of market volatility by calculating the standard deviation of a selected price source over a customizable period. Additionally, it plots a threshold line representing the highest standard deviation over a secondary lookback window.

Red Line: Current standard deviation (volatility) of the price.

Gray Line: Highest standard deviation value within the lookback range, serving as a reference for recent peak volatility.

Use this tool to identify periods of increasing or extreme volatility, potential breakout zones, or to filter signals based on volatility thresholds.