Standard Deviation Pivot points

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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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