Standard Deviation (StdDev) – indicator MetaTrader 5

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

True MFI (Alternative to the standard MFI) – indicator MetaTrader 5

Fig.1 The True MFI indicator
The real author: VladMsk Rise or fall in prices is often preceded by increased activity of trading. The True MFI indicator tries to use this factor. The MFI “standard” technical indicator uses price for calculation. As a result it practically coincides with the RSI that makes the MFI indicator rare to use. In the TMFI … Read more

CRect and CCanvas replacement (Standard Library – several bugs fixed) – library MetaTrader 5

CRect and CCanvas replacement (Standard Library - several bugs fixed) - library for MetaTrader 5
Real author: MetaQuotes Software, Bugfixes & Enhancements by Doerk. When you start to work on a pixel basis with the standard library, you’ll soon figure out, that sometimes a pixel here and there is missing. This weird behavior is caused mainly by several bugs in the CRect class. The main problem here is, that the … Read more

Divergence based on a standard MACD with Alert and language selection. – indicator MetaTrader 4

Divergence based on a standard MACD with Alert and language selection. - indicator for MetaTrader 4
The MACD is not required to be present on the chart. However, if a standard MACD is attached, the divergence lines will be drawn both on the chart and in the indicator window, and the indicator will use the MACD settings. The solid line shows the classic divergence, the dotted line displays the reverse divergence. … Read more

Modified Standard Deviation.mq5 – indicator MetaTrader 5

Modified Standard Deviation
The idea of ​​revising the standard StdDev indicator is to improve the visibility of moments when the indicator values change to growing or falling. The values can be interpreted as follows. The moment when the line color changes from red to green indicates the beginning of the trend movement. When the line color changes from … Read more

Standard Deviation Channel MT5 – indicator MetaTrader 5

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