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Thinkorswim-Standard Deviation drawing/CL


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Thinkorswim-Standard Deviation drawing/CL

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Zotch
New Haven CT/USA
 
Posts: 3 since Jan 2017
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Hi everyone, Happy New year!
Just joined and would like to offer a suggestion involving Standard Deviation. This involves modifying a drawing.
I have learned that using the high and low of a 1 hr chart between 16:00 hrs and 0:00 hrs is significant and may be used to determine price levels. (I think banks and institutions are dining something at that time).
By modifying the "Fibonacci Retracements drawing" you simply have to snap to the high and low.
Please back test this on /CL to see how well it works. Instructions are included in the attached pics. Save drawing as default if you like it.


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Last Updated on January 2, 2017


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