Standard Deviation Price Change Indicator for thinkorswim
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In his book, The Volatility Edge in Options Trading, Jeff Augen describes a method for recasting absolute price changes in terms of recent volatility using the standard deviation. In this representation of price action, the last bar’s price change is represented as its ratio to the standard deviation of the price action over a recent period. *** Please see Tom’s N-1 weighted version in the comments! ***

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