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You liked the script? Try it in the MetaTrader 5 terminal
Deviation Ratio - indicator for MetaTrader 5
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- 6137
- Rating:
- Published:
- 2021.12.29 14:07
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Indicator is based on calculation of two standard deviations and result is ratio between them.
As single indicator it doesnt show direction of price, it only show high activity area. I recommend to combine it with other indicators or price action.
Signal ideas:
- When indicator cross treshold line and slope change back down.
- When indicator cross treshold line up.
- When indicator cross treshold line down.
- When indicator is bellow treshold line its possible trending market.
On chart stochastic (like)
On chart stochastic (like)
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