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Indicators

Momentum deviation - indicator for MetaTrader 4

Views:
1760
Rating:
votes: 26
Published:
2021.12.12 20:06

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 

Recommendations:

  • You can use it as any standard deviation indicator


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