Using standard deviation of price is an essential tool for recognizing how extreme the current price environment on a historical basis. Unfortunately, the default indicator in NinjaTrader™ makes this type of analysis very difficult, so we made it easier by placing the actual standard deviation of price, directly on the chart.
You can use this information to find high-probability exit points, potential trend pullback entries, counter-trend trade, as well as get an overall feel for the market environment with one simple glance at the chart.
