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The formulas discussed by Gordon Gustafson; in his article, "Average True Range Or Standard Deviation," can be created in MetaStock 6.52 or higher.
To create these indicators, in MetaStock, select the Indicator Builder from the Tools menu. Then click New and enter the formulas as listed below:
Standard Deviation Bands
stdh := Mov(C,20,E)+2*(Stdev(C,20));
stdl := Mov(C,20,E)-2*(Stdev(C,20));
stdh;
stdl
Average True Range Bands
stdha := Mov(C,20,E)+2*(ATR(20));
stdla := Mov(C,20,E)-2*(ATR(20));
stdha;
stdla
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