Arbitrary Price Pivots; StdDev3^

FX:EURUSD   Euro Fx/U.S. Dollar
a year ago
Update to the previous version of Arbitrary Price Pivot tool. Here we have specific pivot levels based on the Standard Distribution Deviations. You will see three levels of each deviation greater than 97.7% (2.0). For example, standard deviation 3.09 has a ratio of 99.99% certainty price will return to the mean. So we have 3.09, 6.18 and 9.27...three levels of that particular deviation. If price breaks through 3.09 it most likely will continue through to the next level, 6.18 and perhaps 9.27. All relative to time frame used.
a year ago
Comment: Aribitrary Price Pivot script posted.
a year ago
Where can we get the script ?
coondawg71 PRO Ede
a year ago
Sorry pal, I never saw the comment. I will post the script shortly.
+1 Reply
coondawg71 PRO
a year ago
//Arbitrary Price Pivots/StdDev 3; ^, standard distribution deviations, set your own pivot levels
study("Arbitrary Price Pivots/StdDev3^; ",overlay=true)

p = input(000.0000,title="Pivot")
p0 = input(1.0050, title="p0")
p1 = input(1.0100, title="p1")
p2 = input(1.0128, title="p2")
p3 = input(1.0165, title="p3")
p4 = input(1.0200, title="p4")
p5 = input(1.0233, title="p5")
p6 = input(1.0258, title="p6")
p7 = input(1.0309, title="p7")
p8 = input(1.0400, title="p8")
p9 = input(1.0466, title="p9")
p10 = input(1.0516, title="p10")
p11 = input(1.0600, title="p11")
p12 = input(1.0618, title="p12")
p13 = input(1.0699, title="p13")
p14 = input(1.0774, title="p14")
p15 = input(1.0927, title="p15")
plot(p*p0, title="38.2%, 0.50stddev", color=aqua)
plot(p/p0, title="38.2%, 0.50stddev", color=aqua)
plot(p*p1,"84%, 1.00stddev",color=white)
plot(p/p1,"84%, 1.00stddev",color=white)
plot(p*p2,"90%, 1.28 stddev",color=lime)
plot(p/p2,"90%, 1.28 stddev",color=lime)
plot(p*p3,"95%, 1.65 stddev",color=olive)
plot(p/p3,"95%, 1.65 stddev",color=olive)
plot(p*p4,"97.7%, 2.00 stddev",color=blue)
plot(p/p4,"97.7%, 2.00 stddev",color=blue)
plot(p*p5,"99%, 2.33 stddev",color=yellow)
plot(p/p5,"99%, 2.33 stddev",color=yellow)
plot(p*p6,"99.5% 2.58 stddev",color=orange)
plot(p/p6,"99.5% 2.58 stddev",color=orange)
plot(p*p7,"99.99% 3.09 stddev",color=red)
plot(p/p7,"99.99% 3.09 stddev",color=red)
plot(p*p8,"4.0, 2.00 stddev 2^",color=blue)
plot(p/p8,"4.0, 2.00 stddev 2^",color=blue)
plot(p*p9,"4.66, 2.33 stddev 2^",color=yellow)
plot(p/p9,"4.66, 2.33 stddev 2^",color=yellow)
plot(p*p10,"5.16, 2.58 stddev 2^",color=orange)
plot(p/p10,"5.16, 2.58 stddev 2^",color=orange)
plot(p*p11,"6.18, 3.09 stddev 2^",color=red)
plot(p/p11,"6.18, 3.09 stddev 2^",color=red)
plot(p*p12,"6.0, 2.00 stddev 3^",color=blue)
plot(p/p12,"6.0, 2.00 stddev 3^",color=blue)
plot(p*p13,"6.99, 2.33 stddev 3^",color=yellow)
plot(p/p13,"6.99, 2.33 stddev 3^",color=yellow)
plot(p*p14,"7.74, 2.58 stddev 3^",color=orange)
plot(p/p14,"7.74, 2.58 stddev 3^",color=orange)
plot(p*p15,"9.27, 3.09 stddev 3^",color=red)
plot(p/p15,"9.27, 3.09 stddev 3^",color=red)
+1 Reply
Ede coondawg71
a year ago
Thank you for the script .. .but when I add it to the chart through pine editor it doesn't show anything.
Ede Ede
a year ago
It was my fault. Thank you very much coondawg71 .
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out