Mean Deviation Index Blau_MDI – indicator MetaTrader 5
Author: Andrey N. Bolkonsky The Ergodic MDI (Mean Deviation Index, MDI) is the double-smoothed Mean Deviation Index (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis). The mean deviation is defined as a distance between close price and exponentially smoothed moving average, applied to close price. The smoothing leads to a … Read more