OPEN-SOURCE SCRIPT

StDev Based Trendlines - JD

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As a second alternatively based trendline script this is the Standard Deviation vesrion.


This script draws trendlines from the pivot points in the price chart.

The angle of the trendlines is determined by (a percentage of) the Standard Deviation.

The angle follows the change in price, compared to the StDev at the moment where the pivot point is detected

The StDev percentage determines if the trendline follows the rate of change of the StDev or a fraction ( value < 100) or a multiple ( value > 100) of that



JD.

#NotTradingAdvice #DYOR

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THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
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