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.
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How does this work?
dbdecoy LeoWildz
@LeoWildz, You can use these levels as stoploss and targets for intraday positions.
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