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05/11/2023 at 1:39 PM #214544 quote

Alfy
Participant

Average

Good morning guys, is there any way you can build using the Standard deviation in % terms rather than just price terms? Any help much appreciated

Thanks in advance

05/11/2023 at 3:53 PM #214555 quote
JS
Participant

Senior
Hi @Alfy

You can divide the standard deviation by the mean multiplied by 100…
```
Mu = Average[n](Close)
MuSquared = Square(Mu)
XiSquared = Square(Close)
xStd = SQRT(1/n * Summation[n](XiSquared) - MuSquared)
StdPro = xStd / Mu * 100
Return  StdPro as "StdPro"
```
Alfy thanked this post
05/11/2023 at 4:15 PM #214557 quote

Alfy
Participant

Average

Thanks so much for your help!
JS thanked this post

05/15/2023 at 6:46 AM #214692 quote

JS
Participant

Senior

Hi @Alfy

The official name for this calculation is:

Coefficient of Variation (CV)

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Standard deviation in % terms

ProBuilder: Indicators & Custom Tools

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Alfy @alfy Participant

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This topic contains 3 replies,
has 2 voices, and was last updated by JS
2 years, 9 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	05/11/2023
Status:	Active
Attachments:	No files

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Standard deviation in % terms

Standard deviation in % terms ProBuilder: Indicators & Custom Tools

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