probability of 68.That means, there is only 0.3% chance, that the candle will close outside of the 3rd std-dev. And a probability of 95.4% that the candle close will stay within the 2nd upper/lower band, and 99.7% that it will close within the 3rd upper/lower band. That means there is a probability of 68.3% that the candle will close within the bands of upper and lower 1st standard deviation band, with the given input parameters. Per Default the bands for 1st, 2nd and 3rd standard deviations are plotted. à “1st SD multipl.” = 1.00, means “1st band” represents the first standard-deviation to the up and downside. Per Default 1.00, 2.00, 3.00 represent the standard deviation levels, based on the distribution of returns. Sample Size : Default 30, length of periods back to calculated the distribution of log returnsġst/2nd/3rd Multiplier : Multiplier of distribution levels. Other than traditional technical analysis (TA) like Support and resistance or triangles which have no statistical significance, this indicator uses levels of the underlaying distribution of log returns, which gives probability of not exceeding a certain price level. Therefore, log returns are used in this indicator to determine the distribution, assuming they follow a normal distribution. Asset price is assumed to follow a log-normal distributed. This Indicator is based on statistical methods, probabilities and volatility. It is also called the expected move for the current candle close. The range bands give probabilities, that the candle close will not exceed this certain price level. This course also covers features of modern C++ 11. Every Topic is Explained with Real life Examples. Programs and Bullet points are provided as resource. Maximise your learning curve with this unique depower foil kite concept allowing you to quickly build trust whilst our B-Safe system keeps you safe. A playful introduction to kitesports Harness your enthusiasm from the first minute. All Lecture are discussed both on white board like a classroom session and practical demo. The VIRON3: safe, intuitive and comfortable. Every topic is covered in greater detail. Distribution Range Bands gives a prediction of the amount, how much the asset is moving from its current price. Concepts of C++ programming are made very simple and easy.
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