deviation ‣ MetaTrader Trading Robots

Standard Deviation (StdDev) – indicator MetaTrader 5

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

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

Ergodic Mean Deviation Index Oscillator Ergodic_MDI – indicator MetaTrader 5

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)

iStdDev – Standard Deviation Channel – indicator MetaTrader 4

This indicator will draw two Standard Deviation Channels based on Fibonacci 0.618 / 1.618 levels with the ability to fix the channel on your preferred timeframe. iStdDev – Standard Deviation Channel – indicator MetaTrader 4

Standard Deviation Channels – indicator MetaTrader 4

Standard Deviation Channels - indicator for MetaTrader 4

Author: The Standard Deviation Channel is plotted on the basis of the Linear Regression Trend, representing a usual trendline drawn between two points on the price chart using the method of least squares. More… Standard Deviation Channels – indicator MetaTrader 4

Standard Deviation Channel MT5 – indicator MetaTrader 5

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

Standard Deviation Channel MT4 – indicator MetaTrader 4

This indicator is designed to draw a standard deviation channel. MT4 provides a tool for standard deviation channel in the MetaTrader 4 menu (Insert -> Channel -> Standard Deviation). Now this indicator is more convenient to use, and has the same effect. Standard Deviation Channel MT4 – indicator MetaTrader 4

T3 Deviation – indicator MetaTrader 5

T3 Deviation - indicator for MetaTrader 5

The original idea came from Bob Fulks and Alex Matulich (they are the ones that improved the original Tim Tillson T3 calculation). The calculation is not a Standard Deviation smoothed by T3. Instead it uses intermediate steps of T3 calculation to get the deviation based on T3. As expected the deviation calculated this way is

Bollinger Bands – EMA Deviation – indicator MetaTrader 5

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

BB Stops – EMA Deviation – indicator MetaTrader 5

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