2 Sigma from weekly open

[astrokjackk1]

Good evening everyone, there is a discord group i used to follow that gave a weekly updated 2 sigma levels from the weekly open. Has an indicator like such already been created in here?
The premise is simple, from the weekly open on any ticker, just makes a level two standard deviations above and below. Thank you in advance!

 

[henry1224]

input agg = AggregationPeriod.Week;
def Price = Open(Period = AGG);
input displace = 0;
input length = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.Simple;

def sDev = stdev(data = price[-displace], length = length);

plot MidLine = MovingAverage(averageType, data = price[-displace], length = length);
plot LowerBand = MidLine + num_Dev_Dn * sDev;
plot UpperBand = MidLine + num_Dev_Up * sDev;

LowerBand.SetDefaultColor(GetColor(0));

 

[Juno (Best Day EVER)]

HI @henry1224 I enter the above code for BA on TOS and get no sigma lines rendered, am I doing something wrong? TY for creating this!

 

[henry1224]

HI @henry1224 I enter the above code for BA on TOS and get no sigma lines rendered, am I doing something wrong? TY for creating this!

Just for Ha Ha's What time frame are you using? I plotted this on a daily chart and it works. I then changed the time frame to 1 hour and lower and it still plots!

 

[Juno (Best Day EVER)]

Just for Ha Ha's What time frame are you using? I plotted this on a daily chart and it works. I then changed the time frame to 1 hour and lower and it still plots!

Thank you. I had checked the code for timeline adjustment but not the settings! This is a new feature for me! So thank you for showing the way.

 

[astrokjackk1]

Coming back to this thread after a while. So the script that was made two view the two standard deviations is based on the 20 simple moving average.
Im wondering if its possible to make it based off the weekly opening price, not the simple moving average price. and plotted as just a support and resistance line?
to add on to this, is it possible to plot 1 sigma, 2 sigma, and 3 sigma as support and resistance? similar to how pivots are charted but just for the standard deviation lines.
thanks in advance !

 

[astrokjackk1]

bringing this thread back as i'm still trying to see if someone can make this indicator, i've seen ben tens auto volatility stnd deviation levels but that's not what i'm looking for