STD / standard deviation as TP / SL?

phoentzs · Fri, 01 Oct 2021 16:12:48 +0000

If I want to define the STD, i.e. the standard deviation from the course, as TP or SL, how can I write that as code? For example TP = 2 * STD of the last 200 bars?

This topic has 3 replies, 2 voices, and was last updated 4 years ago by robertogozzi.

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10/01/2021 at 5:12 PM #178916

phoentzs

If I want to define the STD, i.e. the standard deviation from the course, as TP or SL, how can I write that as code? For example TP = 2 * STD of the last 200 bars?

phoentzs
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10/01/2021 at 7:17 PM #178922

robertogozzi

TP = 2 * STD[200](close)

1

TP = 2 * STD[200](close)

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10/01/2021 at 7:58 PM #178925

phoentzs

Does that work as take profit? So easy?

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10/01/2021 at 9:42 PM #178926

robertogozzi

It’s expressed as a price difference, just divide it by PIPSIZE to get pips (it doesn’t make any difference with indices, though).

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