Standard Deviation Channel

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Welcome to currency trading with Profiforex!
This video is devoted to Standard Deviation channel.
To impose this channel on the chart, use the sequence "Insert" - "Channels" - "Standard Deviation."

Standard Deviation channel is built on the basis of Linear Regression channel which was talked about in the previous video. 

The center line in the standard deviation channel is the "mean-square" or, in other words, the "equilibrium" price,  
and the deviation from it can be perceived as "random" fluctuations associated with the non-typical actions of buyers and sellers.

Unlike the linear regression channel, the two side lines here show not the maximum deviation from the equilibrium price,
but instead they show the standard close price deviation from the regression line.  

The Standard Deviation channel is, in fact, an improved version of the Linear Regression channel.
This channel will help you make decisions and analyze trendlines.