QUARTER SIGMA LEVELS

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Hello Traders,
Here is an Ideology that will be very useful for you in Intra-day trading. Pls read thru below points as mentioned.




QUARTER SIGMA LEVELS

WORKS FOR ANY INSTRUMENT

 Market always moves in Quarter Sigma Ranges i.e. Quarter Standard Deviations
 This Indicator delineates previous 5 Days Range and the quarters in between its established range excluding the Current trading day.
 The price levels in between the Range are the Quarter Sigma levels.
 These Price Levels act as the best Support/Resistance levels, as they are created by the Market itself.
 When new High or Low is formed, these Quarter levels get adjusted accordingly.
 You can club your strategy with this Indicator as it will give you an Edge in Trading Decisions.
 Well, you can trade in consolidation ranges also with the help of these levels.
 These Quarter levels can be used as Target or Stop levels
 The Price either Breaks through or gets Rejected at these Price Levels
 Remember the Price moves from Quarter to Quarter.
 For INDIAN MARKETS, make sure to put the chart in Extended Trading Hours instead of Regular Trading Hours! (You can find this setting at the right-hand corner of the terminal next to TIME)


Have a better trading day, Cheers as always!
Sanjay Ramanathan