Measuring High–Low Range Volatility with Standard Deviation

Summary

This document describes an oscillator that measures the standard deviation of each bar’s high-minus-low range over a chosen period. It offers two settings: the length of the calculation window and the standard deviation method.

The indicator can be understood as a measure of how much the intraperiod trading range varies over time. The document provides the calculation concept but no trading rules, performance evidence, or guidance on parameter selection. It does not explain how to interpret readings or combine the oscillator with other signals, so practical use would require separate testing and a clearly defined strategy.

Key ideas

• The indicator first calculates the difference between each period’s high and low.
• It applies a standard deviation calculation to those ranges.
• Users select both the lookback period and the calculation method.
• The document gives no strategy rules or evidence of predictive performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.