OPEN-SOURCE SCRIPT

VIX SR + PDH/PDL

539
This script contains 6 lines. Two are for PDH and PDL. Other lines are probable support and resistance ( standard deviation-1 and standard deviation-2).
There is 68 % probability that standard deviation-1 will hold and similarly there is 95 % probability that standard deviation-2 will hold.

The script is valid only for Nifty.

The standard deviation is calculated as follows-
Standard deviation-1 = Closing pricing of Nifty (daily TF) * Closing value of INDIAVIX * (1/100) * (1/16)

Standard deviation-2 = 2 * Standard deviation-1

Penafian

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