STDV Range Projections
- Indicateurs
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Burak Koc
VexAlgo builds rule-based Expert Advisors for MetaTrader 5, with clear rules, defined risk and honest explanations. No martingale, no grid, no promises. Trading involves a risk of loss. Past results do not predict future results. - Version: 1.0
- Activations: 10
STDV Range Projections measures a reference leg and draws multiples of its size above its high and below its low. The leg can be the previous candle of a chosen timeframe or a session range defined in GMT hours.
What it shows
- The leg high and low, and optionally its 50%.
- Projection lines at the multiples you choose (1, 2, 2.5 and 4 by default) above and below the leg.
- Labels with the multiple on each line, and the last legs kept on the chart for review.
How it works
- Candle mode: the leg is the last closed candle of the chosen timeframe (D1 by default) and projections are drawn over the next candle.
- Session mode: the leg is the range between two GMT hours; the server offset and US daylight saving setting convert them to server time.
- Projections are measurements of past range, not price targets.
Inputs
- Leg source, candle timeframe, session hours, server GMT offset.
- Multiples (comma separated), 50% line, legs to keep, colors.
Limits. This is a visual tool. It does not predict prices, does not place trades and gives no guarantee of results. Levels and marks describe past price action only. Trading carries a risk of loss.
Other tools by the same author
- Session Liquidity Levels - Asian range, sweeps, midnight open, PDH/PDL and session VWAP.
- Candle Range Theory Levels - previous HTF candle range and sweeps.
- HTF Opens and PO3 Candles - H1/H4/D1/W1 opens and HTF candles.
- Session Volume Profile POC VA - session volume profile with POC and value area.
- Rejection Blocks Zones - long-wick zones at swing highs and lows.
