Watch how to download trading robots for free
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal

Momentum deviation - indicator for MetaTrader 5

votes: 27
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

  • You can use it as any standard deviation indicator
Bobokus Fibonacci Bobokus Fibonacci

Select Timeframe to draw Bobokus Fibonacci and add any custom fibonacci levels you want

Consolidation Detector Consolidation Detector

Draws an equidistant channel to detect rectangular consolidation pattern on chart

Momentum deviation bands Momentum deviation bands

Momentum deviation bands

ZigZag Color for Line Chart ZigZag Color for Line Chart

ZigZag Color Indicator for Line Charts which works on Close prices rather than High low This indicator has only one input parameter which is ExtDepth and its optimized for performance