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StdDev Supply/Demand Zone Refiner

1 871
This indicator uses standard deviation bands to identify statistically significant price extremes, then validates these levels through volume analysis and market structure. It employs a proprietary "Zone Refinement" technique that dynamically adjusts zones based on price interaction and volume concentration, creating increasingly precise support/resistance areas.
Key Features:

Statistical Extremes Detection: Identifies when price reaches 2+ standard deviations from mean

Volume-Weighted Zone Creation: Only creates zones at extremes with abnormal volume

Dynamic Zone Refinement: Automatically tightens zones based on touch points and volume nodes

Point of Control (POC) Identification: Finds the exact price with maximum volume within each zone

Volume Profile Visualization: Shows horizontal volume distribution to identify key liquidity levels

Multi-Factor Validation: Combines volume imbalance, zone strength, and touch count metrics



Unlike traditional support/resistance indicators that use arbitrary levels, this system:

Self-adjusts based on market volatility (standard deviation)

Refines zones through machine-learning-like feedback from price touches

Weights by volume to show where real money was positioned

Tracks zone decay - older, untested zones automatically fade

Информация о релизе
Fixed the overlapping of the yellow bars and increased the text sizes.
Информация о релизе
updating images.
Информация о релизе
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Информация о релизе
Updated in Replay mode, where it kept overlapping zones and volume profile bars.

I added universal capability so that any market should work. Originally, this was supposed to be for Futures.

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