Bollinger Bands – EMA Deviation – indicator MetaTrader 5
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Bollinger Bands consist of a N-period Moving Average (MA), an Upper Band at K times an N-period standard deviation above the Moving Average (MA + KĻ), and a Lower Band at K times an N-period standard deviation below the Moving Average (MA ā KĻ).
This version does not use standard deviation for Upper and Lower Bands, but uses the EMA deviation. That makes it faster in the response to market volatility.
EMA Deviation - indicator MetaTrader 5 By definition, the Standard Deviation (SD, also represented by the Greek letter sigma Ļ or the Latin letter s) is…
