Standard Deviation Pivot Point

Standard Deviation Pivot Point will enhance your trading and highlight great trade opportunities with the Support and Resistance levels that professionals use based on volatility of market.

Standard Deviation Pivot trading is a simple effective method for entry and finding targets that are statistically on your side, highlighting market key levels has been used by professionals for decades and is effective on all symbols: Forex, Crypto, Stocks, Indices.

Standard deviation is a measurement if volatility (the tendency for rise or fall) of a market in a select time period this indicator looks at the previous day high low and close very similar to how a pivot point is calculated but there are some difference for levels S1 S2 S3 R1 R2 R3 this has the consideration of the deviation

Statistics tell us that's price will move within 1/2/3 deviation 99% of the time having this statistical interpretation printed on chart gives a trader the edge that traders needs using the levels to confirm potential of targets and time period giving realistic levels that market will visit in a given time period 

with statics indicating:

64.2% price will be move with 1 deviation 

27.4 price will move within 2 deviation 

4.6 price will move within 3 deviation 

0.2 price will move  deviation

with these figures we can plan trades accordingly using time as a variable 

the deviation is calculation of the variability from the mean price has travelled in a specific time period (mean being the pivot) 

A low deviation price has cluster around the mean characteristics of a range 

A high deviation price has moved a reasonable distance form the mean value 

Advantages of Standard Deviation Pivot 

• 7 Levels on chart Pivot,S1,S2,S3,R1,R2,R3.
• Simple, effective trading method
• Identifies key market support and resistance levels based on volitily in time period
• Visual trading levels presented on your chart (more than just pivots)
• Full history of levels for back testing purpose
• Full customizable colors and line styles.