The indicators are based on simple statistics. Daily range expectation driven by traders taking positions and generating volume. Failure moves based on average failure moves over the two reference periods. Nothing else.
I guess that Mark Fisher also uses some sort of statistics to determine his "good" A, B, C and D levels. But he does not disclose what it is, as he wants to cash in on his knowledge. As long as nobody finds out, this is legitimate.
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StdDev is a NinjaTrader default indicator, but you cannot apply it to this indicator. You have to calculate them from the failure moves and average daily ranges, which are some where hidden in the indicator. I have played that game several times, see the VWAP and DeviationStop indicators. I will rework those two indicators but cannot do all at the same time.
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I have been day trading in prop firm for many years, in past twelve months I only day trade CL with statistics modelling at extreme high win ratio, over 99% in past 12 months, I believe only statistics could do best job in trading volatile futures.
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You could google "Realistic Statistical Modelling of Financial Data" to read that article if you are interested, but I was not allowed to post the link due to the restriction that I have less than 5 posts in this forum.
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You can also attach the PDF to your post as an attachment.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
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