Indicators: Adaptive deviation

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Adaptive deviation:

Adaptive (ema) deviation

Adaptive deviation

Author: Mladen Rakic

Adaptive deviation
Adaptive deviation
  • www.mql5.com
By definition, the Standard Deviation (SD, also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is used to quantify the amount of variation or dispersion of a set of data values. In technical analysis we usually use it to measure the level of current volatility. Standard Deviation is based on Simple Moving...
 

Hi mladen.

Another fantastic tool. Thanks.

It strikes me that this would be great for trend traders as an entry filter to confirm that there is a good quality move in progress at a higher timeframe.

It would fit very well in your MTF series methinks...  :-)

Cheers. Robbie.

 
Interesting Analysis! Thanks! ;)
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