mrtools wrote: Tue Dec 07, 2021 8:20 am Please understand not knocking or anything, just wondering how to use this in trading? To me looks like if anything the colors are backwards.

The indicator displays two volatility lines – bullish and bearish ones. It is calculated with the standard deviation from a mean of the last X Period, made of distance between the last Close with the High/Low depending of the direction (short or long curves).

It's by no means a very special indicator - what's interesting is how it behaves in non-trending conditions - with minimal lag to how fast it react to fluctations. I'm hoping the EMA deviation will further improve the lag (not by much - but might be worth it - as it's faster than the original stdev).
I hope I can use it in my volatility based trading system - it shows promising results - I could see this improved with better tweaking options.

(You can change colors in the indicator settings)

Sincerely.