deviation

Standard Deviation (StdDev) – indicator MetaTrader 5

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Standard Deviation technical indicator
Technical indicator named Standard Deviation (StdDev) measures the market volatility. This indicator charactrizes the scale of price changes relating to the Moving Average. Thus, if the indicator value is large, the market is volatile and the bars prices are rather dispersed relating to the moving average. If the indicator value is not large, it means … Read more

Mean Deviation Index Blau_MDI – indicator MetaTrader 5

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Mean Deviation Index by William Blau
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

Ergodic Mean Deviation Index Oscillator Ergodic_MDI – indicator MetaTrader 5

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Ergodic MDI-Indicator by William Blau
Author: Andrey N. Bolkonsky Ergodic MDI-Oscillator by William  Blau is based on Mean Deviation Index (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).Usage: WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_Ergodic_MDI.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ Ergodic MDI-Indicator by William Blau Calculation: Ergodic Mean Deviation Oscillator is calculated as follows: Ergodic_MDI(price,r,s,u) … Read more

Standard Deviation Channel MT5 – indicator MetaTrader 5

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Standard Deviation Channel MT5
This indicator is designed to draw a standard deviation channel. MT5 provides a tool for standard deviation channel in the MetaTrader 5 menu (Insert -> Objects -> Channels -> StdDev Channel). Now this indicator is more convenient to use, and has the same effect. Standard Deviation Channel MT5 – indicator MetaTrader 5

Bollinger Bands – EMA Deviation – indicator MetaTrader 5

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Bollinger Bands - EMA Deviation - indicator for MetaTrader 5
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 + Kσ), and a Lower Band at K times an N-period standard deviation below the Moving Average (MA − Kσ). This version does not use standard deviation for Upper and Lower … Read more

BB Stops – EMA Deviation – indicator MetaTrader 5

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BB Stops - EMA Deviation - indicator for MetaTrader 5
BB Stops (Bollinger Bands Stops) indicator is a well known indicator. Some versions are posted at the code base too (for example here: BB Stops). Usually it is calculated using standard deviation. This version changes that and uses EMA deviation for calculation as a sort of further developing the idea. Some experimenting with the parameters … Read more