PWWTC Order Blox - Standard Deviation Method

PWWTC Order Blox - Dynamic Support/Resistance Zones
Proprietary Volatility-Weighted Zone Identification

Overview:
This indicator identifies statistically significant price zones that tend to act as support/resistance levels. The strength of these zones is automatically classified into three confidence levels:
🔴 Red Zones - Strongest conviction areas (rare, high-signal events)
🟡 Yellow Zones - Significant but less frequent than red
🟢 Green Zones - Common but still relevant technical levels

Key Features:
1. Dynamic Zone Strength Classification
- Automatically ranks zones based on market volatility and trading activity
- Stronger colors indicate higher confidence levels in zone significance

2. Adaptive Channel Generation
- Projects potential reaction areas using multiple time perspectives
- Channels automatically adjust to current market conditions

3. Volume Confirmation (Optional)
- Includes filter to only show zones accompanied by unusual trading activity

4. Smart Alert System
- Get notified when new high-confidence zones form
- Priority alerting for red zones (most significant)

How to Use:
1. Apply to any chart (works across all markets/timeframes)
2. Watch for colored zones to form at potential reversal areas
3. Stronger color = Higher likelihood of price reaction
4. Use in conjunction with:
- Trend confirmation indicators
- Price action patterns
- Volume analysis

Settings:
- Adjust lookback periods for sensitivity
- Customize alert thresholds
- Modify color transparency/visibility

Note: Proprietary volatility-based calculations drive zone identification. While the exact methodology remains protected, the output reflects areas where institutional order flow is likely to create price reactions.

Alerts Supported:
- New Red Zone Formation (Highest Priority)
- New Yellow Zone Formation
- New Green Zone Formation