SD and Support with resistance trading
- Domantas Juodenis
- Version: 1.0
This EA is made with the concept of volatility is vital in quantifying risk and opportunity in options, futures, bonds, and stock pricing.
The market structure greatly depends on the relative price movements, be in a compressed, range-bound, or trending situation. This makes having a technical indicator like standard deviation vital in making these determinations more efficiently.
When it comes to FX trading, periodic exchange rates dispersion can be interpreted in three fashions: high, normal, and low.
Each designation shows an inherent level of pricing volatility in a financial instrument or currency pair. With the standard deviation calculated, you are in a better position to make strategic considerations.
In other Hand support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to correctly reading price charts.
Prices move because of Supply and Demand .When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
The best Timeframe to trade with this EA is from 1H to 4H on Forex pairs.