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Indicators

Momentum deviation - indicator for MetaTrader 5

Views:
1337
Rating:
votes: 27
Published:
2021.12.09 11:28

This is a variation on the standard deviation

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

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

Comparison : upper is this one, lower is standard deviation


Recommendations:
  • You can use it as any standard deviation indicator
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