Today, I'm going to take you through it once and for all... What is Standard Deviation? How is it u
Standard Deviation Full Explanation 🔍
What is Standard deviation projections (STDV)?
Standard deviation projections help identify possible trade targets by measuring price movement volatility.
What is Standard deviation projections (STDV)?
Standard deviation projections help identify possible trade targets by measuring price movement volatility.
For an initial expansion move, potential targets are often in the -2 to -2.5 STDV and maximum retreatment to -4 STDV.
Use standard deviation to find possible trade targets.
Watch for signs of price manipulation, like short-term highs/lows and breakouts.
Use a Fibonacci retracement from high to low or low to high to find trade targets.
Look for liquidity areas as profit targets, especially at 2 to 2.5 and 4 standard deviations.
Settings:
Identify PD arrays to find areas where buyers and sellers may take profit.
Set clear targets, like the 2 to 2.5 standard deviation, for better trade entries and exits.
The 4 standard deviation is a rare target, showing an unlikely price move.
PD arrays help forecast price moves by identifying liquidity areas.
STANDARD DEVIATIONS TIP:
A close above 2.5 standard deviations (STD) with a
candle body suggests a possible double expansion in price, reaching up to 4 STD.
This signals higher volatility and a potential continuation of the trend.
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