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The Allan Variance Sigma Tau Diagram allows one understand the different kinds of noise that are present in a time series; the following two images are taken from the wikipedia page related to Allan variance

By NIST Time and Frequency Services Group - http://www.nist.gov/pml/div688/grp40/glossary.cfm, Public Domain, https://commons.wikimedia.org/w/index.php?curid=47462421

Noise from Allan Variance Sigma Tau Diagram

Now, while I understand that the slopes of the curve of the Frequency stability diagram correspond to the exponent of the power laws of the various kinds of noise, I still can't wrap my head around how to get the sigma tau diagram from the frequency stability diagram; i.e. how is the red polyline generated, are these meant to resemble the intersection of half-planes that contain the frequency stability diagram and are tangent in points that correspond to white, pink, brown, etc., noise?

Questions:

  • how is the $\sigma(\tau)$ diagram of Allan variance generated from the frequency stability diagram
  • what information can be drawn from known the $\tau$ values at which the slope of the frequency stability diagram attains specific values, e.g. $-1$ for white noise
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