Trade For Opportunity
Trade For Opportunity

@TradeForOpp

5 Tweets 249 reads Jun 08, 2023
In this example, the time range is set to 16:00 - 20:00 with standard deviations of 1, 2, 2.5, and 4.
Now we can use these levels to see if and how price interacts with them before the next 16:00 - 20:00 session.
Furthermore, we can enable the Data Table to analyze how often price trades to these levels for the sessions that are deemed valid (determined by the standard deviation filter).
This time our standard deviations are set to 1, 2, 3, and 4.
This concept can theoretically be applied to any window of time. ICT has mentioned that, in instances where the CBDR is too large, the Asia range may be used instead.
We can observe that the indicator behaves the same way when we change the session to the 20:00 - 00:00.

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