Momentum deviation – indicator MetaTrader 4

This is a variation on the standard deviation

  • it is using momentum of priceΒ  (instead price itself) for calculation
  • it is calculated in a way that it takes minimal CPU loadΒ 

As far as values are concerned, it is similar to standard deviation. Same as standard deviation it can calculate deviation of anythingΒ 

Recommendations:

  • You can use it as any standard deviation indicator
πŸ“ˆ ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks