Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Indicator | The asymmetry indicator

The real author:

Fedor Igumnov

Asymmetry is the ratio of the third central moment to the cube of the standard deviation.

The central moment of tertiary is average deviation of selection members from sampling variance. As the standard deviations due to fractional quotes are too small, the asymmetry is calculated for the RSI indicator. Then we get the trend indicator. High values speak of the beginning of a new trend. Low values indicate a flat trend.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 04.05.2011.

MetaTrader Experts, Indicators, Scripts and Libraries

Fig.1 The asymmetry indicator

1532

Best MetaTrader Indicators + Profitable Expert Advisors