Standard Deviation Pivot points

Support Resistance points that are calculated based on the standard deviation of the traditional pivot point (previous session's high, low and close). More often stocks tend to oscillate between 3 levels of deviation forming day's high or low. A breakout of the 3rd SR level with volume indicates a strong trend day.
Remove from Favorite Scripts Add to Favorite Scripts


Hi , could you let me know a resource where I can find info on how standard deviation is used in calculation of the pivots, they really do contain price really well and I want to know why, is it because they are used widely? I don't think they are, or is it that they reflect the limits of price movement by virtue of normal distribution of the price data. Any info welcome
dbdecoy Interzona
@Interzona, This is just a deviation of the variables that are used to calculate the standard floor pivot point which is used by almost everyone and plots the normal distribution values. You may not find this indicator anywhere but is very effective in predicting the price levels.
Interzona dbdecoy
@dbdecoy, ok thanks , I worked it out , they really are POWERFULL levels. I notice tomorrow's SD1 PIVOTS often line up with support for previous day's hi or low , have you thought about putting a developing pivot together. This would be very useful for entries especially towards the end of the day as most data points are already in place
How does this work?
dbdecoy LeoWildz
@LeoWildz, You can use these levels as stoploss and targets for intraday positions.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out