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Indicators

Deviation Ratio - indicator for MetaTrader 5

Tadeas Rusnak
Views:
6737
Rating:
(35)
Published:
2021.12.29 14:07
Download as ZIP, How to download code from MetaEditor
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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.

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Trend market example


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