> Introduction and Acknowledgements The IPDA Standard Deviations tool encompasses the Time and price relationship as studied by @TraderDext3r .
I am not the creator of this Theory, and I do not hold the answers to all the questions you may have; I suggest you to study it from Dexter's tweets, videos, and material. This tool was born from a collaboration between @TraderDext3r, @tradeforopp and I, with the objective of bringing a comprehensive IPDA Standard Deviations tool to Tradingview.
> Tool Description This is purely a graphical aid for traders to be able to quickly determine Fractal IPDA Time Windows, and trace the potential Standard Deviations of the moves at their respective high and low extremes.
The disruptive value of this tool is that it allows traders to save Time by automatically adapting the Time Windows based on the current chart's Timeframe, as well as providing customizations to filter and focus on the appropriate Standard Deviations.
> IPDA Standard Deviations by TraderDext3r The underlying idea is based on the Interbank Price Delivery Algorithm's lookback windows on the daily chart as taught by the Inner Circle Trader: IPDA looks at the past three months of price action to determine how to deliver price in the future.
Additionally, the ICT concept of projecting specific manipulation moves prior to large displacement upwards/downwards is used to navigate and interpret the priorly mentioned displacement move. We pay attention to specific Standard Deviations based on the current environment and overall narrative.
Dexter being one of the most prominent Inner Circle Trader students, harnessed the fractal nature of price to derive fractal IPDA Lookback Time Windows for lower Timeframes, and studied the behaviour of price at specific Deviations.
For Example: The -1 to -2 area can initiate an algorithmic retracement before continuation. The -2 to -2.5 area can initiate an algorithmic retracement before continuation, or a Smart Money Reversal. The -4 area should be seen as the ultimate objective, or the level at which the displacement will slow down.
Given that these ideas stem from ICT's concepts themselves, they are to be used hand in hand with all other ICT Concepts (PD Array Matrix, PO3, Institutional Price Levels, ...).
> Fractal IPDA Time Windows The IPDA Lookbacks Types identified by Dexter are as follows: Monthly – 1D Chart: one widow per Month, highlighting the past three Months. Weekly – 4H to 8H Chart: one window per Week, highlighting the past three Weeks. Daily – 15m to 1H Chart: one window per Day, highlighting the past three Days. Intraday – 1m to 5m Chart: one window per 4 Hours highlighting the past 12 Hours.
Inside these three respective Time Windows, the extreme High and Low will be identified, as well as the prior opposing short term market structure point. These represent the anchors for the Standard Deviation Projections.
> Tool Settings The User is able to plot any type of Standard Deviation they want by inputting them in the settings, in their own line of the text box. They will always be plotted from the Time Windows extremes.
As previously mentioned, the User is also able to define their own Timeframe intervals for the respective IPDA Lookback Types. The specific Timeframes on which the different Lookback Types are plotted are edge-inclusive. In case of an overlap, the higher Timeframe Lookback will be prioritized.
Finally the User is able to filter and remove Standard Deviations in two ways: "Remove Once Invalidated" will automatically delete a Deviation once its outer anchor extreme is traded through. Manual Toggles will allow to remove the Upward or Downward Deviation of each Time Window at the discretion of the User.
Major shoutout to Dexter and TFO for their Time, it was a pleasure to collaborate and create this tool with them.
These arent standard deviations, these are fib extensions. Standard Deviation is a statistical formula that uses data samples. ICT started calling them SDEVs out of ignorance, and the rest of fintwit followed. Its just wrong.
dion95hc
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@ChrisakaChris, agreed the naming convention used is wrong, the calculation behind is anything but standard deviation. But fintwit knows what it means when someone says ICT's IPDA standard deviations so guess it still works as a standard of communication across the board
jimmychua1991
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@ChrisakaChris, so what?just naming become problem to you?
ArraisJesus
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I'm sorry my ignorance, but what are the TW1, TW2 and TW3?
Thanks in advance for your help.
tmil01
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Thanks guys! You're awesome...and so appreciated!
pasenner23
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Can you use this indicator to anchor Feigenbaum Projections to the 0-1 zone using it as your judas swing. This would make it potentially much easier to find the "initial condition". I would love to hear anyones feedback on this. I am experimenting on this now, but not entirely sure if the 0-1 zone is similar to how TRSTNGLRD says to use Feigenbaum projections with the IC.