MovingAverageDeviationBandsMT5Pro

MADBandPro Parameter Manual

MADBandPro is a highly functional band tool that goes beyond the concepts of traditional Bollinger Bands and Keltner Channels and allows you to select the median or robust statistics (MAD: Median Absolute Deviation).
In addition to the traditional MADBand, the Pro version also includes multi-timeframe (MTF) analysis and a comprehensive alert function.

Below we will explain all the parameters and options in detail.

1. Main (basic settings)

Timeframe

  • Default :   current   (Current timeframe)
  • Comments : Select the timeframe to use for the calculation.
    • MTF (Multi-Timeframe) function : If you select a "higher" timeframe than the current chart here (e.g., select H1 on an M5 chart), the bands of the higher timeframe will be overlaid on the current chart.
    • Sync Correction : In MTF mode, an automatic sync function is activated to prevent display misalignment due to data loading delays.

Period

  • Default :   20
  • Explanation : The length of the period (number of candlesticks) over which the moving average or deviation is calculated.

Shift

  • Default :   0
  • Explanation : Shift the whole band left or right (plus = future, minus = past).   0   is.

Center Method (Centerline calculation method) [Enum]

Select the formula to draw the center of the band (Mid line).

  • SMA (Simple Moving Average) : Simple moving average. Standard.
  • EMA (Exponential Moving Average) : Exponentially smoothed moving average. Sensitive to recent movements.
  • WMA (Weighted Moving Average) : Weighted moving average. Linear weighting.
  • SMMA (Smoothed Moving Average) : A smooth moving average that shows slow fluctuations and long-term trends.
  • ZLMA (Zero Lag MA) : A special EMA that minimizes lag. Ideal for scalping, etc.
  • TMA (Triangular Moving Average) : A triangular moving average that draws a smooth line through double smoothing.
  • MEDIAN (Robust Statistic) : Uses the "median" within the period. It has robust properties because it can completely ignore the influence of outliers (spikes).

Applied Price [Enum]

The candlestick price data to use in the calculation.

  • Close : Closing price
  • Open : Opening price
  • High : High price
  • Low : Lowest price
  • Median :   (High + Low) / 2
  • Typical :   (High + Low + Close) / 3
  • Weighted :   (High + Low + Close x 2) / 4

Deviation Method [Enum]

The calculation logic that determines the band width.

  • Bollinger (Standard Deviation) : Uses standard deviation. The bands widen significantly with sudden price fluctuations (volatility-following type).
  • ATR (Average True Range) : Keltner Channel method, which uses ATR (average price range) and maintains a stable bandwidth.
  • MAD (Median Absolute Deviation) : Median absolute deviation. It measures pure volatility and is less affected by outliers than standard deviation. It prevents excessive band widening due to false positives.
  • Quantile Sigma : Calculates the sigma equivalent range from the difference between the statistical quantiles (84.13% and 15.87% points). Suitable for real-world market data that does not follow a normal distribution.
  • Blend (Linear Blend) : Mixes "Standard Deviation" and "ATR" in the specified ratio (adjust with Blend Weight).
  • Max (Max of StdDev & ATR) : Always use the larger of the "Standard Deviation" and "ATR". Since it always uses the wider band, it acts as a filter to avoid false breaks.

ATR Period

  • Default :   14
  • Explanation : Deviation Method   ATR, Blend, Max   The ATR calculation period used when is selected.

2. Deviation Settings (Bandwidth Adjustment)

Deviation Multiplier (Overall Multiplier)

  • Default :   1.0
  • Explanation : The coefficient that adjusts all deviations at once. 1.0   Then just leave it as it is, 1.1   Then we'll expand it by 10%.

Blend Weight

  • Default :   0.5
  • Explanation : Deviation Method   Blend   This is only valid if you select
    • 0.0: Perfect standard deviation (Bollinger)
    • 0.5: 50:50 blend of standard deviation and ATR
    • 1.0: Full ATR (Keltner)

3. TailRisk (Tail Risk Guard Function)

A function that detects abnormal fluctuations in the market and temporarily forcibly expands the band to protect your position.

Use one-sided CVaR guard

  • Default :   false
  • Description :   true   It is normally the normal band, but it will be extended only when a risk is detected.

Tail window (N)

  • Default :   100
  • Description : The historical period monitored for risk calculations.

Tail alpha (worst %)

  • Default :   0.10
  • Description : The probability threshold for an anomaly.

Tail weight (beta)

  • Default :   1.0
  • Explanation : The strength of the band expansion when guard is activated.

Tail Components (Risk Measurement Source) [Enum]

Specify what you want to measure upside and downside risk based on.

  • HO (High - Open) : Upper shadow or the body of a bullish candlestick + upper shadow. Upward pressure.
  • OL (Open - Low) : Lower shadow or the body of a bearish candlestick + lower shadow. Downward pressure.
  • HC (High - Close) : The width of the reversal including the upper shadow (in the case of a bullish candle) and the body.
  • CL (Close - Low) : The width of the reversal including the lower shadow (in the case of a bearish candle) and the body.

4. Levels (Display Line Settings)

Visible ±1~5 sigma

  • Explanation : Turns the display of each band ON/OFF.

±1~5 sigma Multiplier

  • Explanation : Set the magnification for each band.
    • InpDev1 : 1.0σ
    • InpDev2 : 2.0σ ( *Alert criteria )
    • InpDev3 : 3.0σ
    • InpDev4 : 4.0σ
    • InpDev5 : 5.0σ

5. Alerts

InpDev2 (typically ±2σ)   It will notify you when the price touches the line or breaks it on a confirmed bar.

Alert Enable

  • Default :   false
  • Explanation : The main switch for the alert function.

Notification means

  • AlertSound : Play sound (waveform file can be specified with InpAlertFile)
  • AlertPopup : Popup on the MT5 screen
  • AlertPush : Push notifications to mobile apps
  • AlertEmail : Send email

Alert Bar Close

  • Default :   true
  • Description :
    • true: Determined based on the value at which the bar is confirmed (closing price break is guaranteed).
    • false: Judged the moment the touch is made during the formation of the bar (real time).

Configuration Example

This is an example of a specific parameter combination that makes use of the diverse functions of MADBandPro.

A. Standard Settings (Basic)

1. Classic Bollinger Bands Settings

This setting makes the behavior the same as the commonly used Bollinger Bands.

  • Center Method :   SMA
  • Applied Price :   Close
  • Deviation Method :   BB   (Bollinger)
  • Period :   20

2. Keltner Channel Settings

This is a classic and reliable channel that measures the strength of a trend using the ATR.

  • Center Method :   EMA
  • Applied Price :   Typical   (or   Close)
  • Deviation Method :   ATR
  • Period :   20
  • ATR Period :   20

B. Scalping Settings (Impatient/Fast Reaction)

3. Highly Reactive Scalping Setup (Zero-Lag + MAD)

While improving price tracking, the use of MAD (Median Angle Deviation) reduces the band's overreaction due to sudden shadows.

  • Center Method :   ZLMA   (or   EMA)
  • Deviation Method :   MAD
  • Period :   10   ~   14

4. Scalping Sniper Settings (Zero-Lag + Quantile)

"Quantile Sigma" filters out short-term noise that does not follow a normal distribution, capturing deviations in pure price movements.

  • Center Method :   ZLMA
  • Deviation Method :   Quantile Sigma
  • Alert Bar Close :   false   (For instant entry by touch)

C. Robust and Protective Settings (Focus on avoiding deception and defense)

5. Robust Guardian Settings (Robust Median + Guard)

It eliminates the "fakeouts" that regular Bollinger Bands cannot prevent and captures the essence of the trend.

  • Center Method :   MEDIAN   (median)
  • Deviation Method :   MAD
  • Use one-sided CVaR guard :   true
  • Tail alpha :   0.05
  • Tail weight :   2.0

6. Robust Trend Filter Settings (Max Deviation)

This is a conservative setting that minimizes false positives and aims to break the band only when a major trend occurs.

  • Center Method :   Median
  • Deviation Method :   Max   (Use the wider of Bollinger and ATR)
  • Use one-sided CVaR guard :   true

7. Statistical Strict & Shock Guard Settings (Quantile + TailGuard)

Normally, we use the statistically rigorous Quantile Sigma to capture fluctuations, but we only use the Tail Risk function to protect against black swan-level fluctuations that occur once in 100.

  • Center Method :   Median
  • Deviation Method :   Equivalent Sigma from Quantiles
  • Use one-sided CVaR guard :   true
  • Tail alpha :   0.01   ~   0.05   (Detects abnormalities only at a rate of 1 in 100 to 1 in 20)
  • Tail weight :   2.0   ~   3.0   (In the event of an abnormality, the band strength is increased by 2 to 3 times for protection)

D. Special operations/useful functions

8. Robust Keltner Settings

This setting provides a more stable center line than the standard Keltner setting and is suitable for long-term trend following.

  • Center Method :   SMMA   or   EMA
  • Deviation Method :   ATR
  • Period :   50
  • Multiplier :   2.0   ~   2.5

9. Hybrid Blend Settings (Balanced Blend)

This setting takes the best of both worlds: the responsiveness of Bollinger Bands and the stability of Keltner Channels.

  • Deviation Method :   Blend
  • Blend Weight :   0.5   (50:50 blend)

10. MTF Trend Monitor

This setting allows you to grasp the overall picture of the higher time frame (H1) while scalping on the lower time frame (M5).

  • Timeframe :   1 Hour   (H1)
  • Levels : Set to display only Level 2 (2σ)
  • Center Method :   SMA
  • You can always be aware of the ±2σ resistance band on the higher time frame.

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Price will increase by $20 every 10 buyers to maintain premium value. After purchase, contact via   MQL5 inbox   to receive your buyer kit and bonus. You have probably tested dozens of indicators before. But we are not here to be “just another signals indicator.” Behind GoldenX Entry is intensive research & development focused on building sophisticated algorithms designed to adapt to the real behavior of every instrument — not generic signals recycled everywhere else. From advanced Auto Optim
Zoryk Gold
Reda El Koutbane
5 (6)
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discount ends SOON next price 69 $ ZORYK — Advanced XAUUSD Signal System for MetaTrader 5 You know the feeling. You spend time analyzing gold. You wait for the entry. You finally open the trade, and price immediately moves against you. You close too early, move the Stop Loss or hesitate for a few seconds. Then the market reaches the exact destination you originally expected without you. The direction was not always the problem. The real problem was uncertainty. You did not know exactly where th
Atomic Analyst MT5
Issam Kassas
4.44 (54)
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This product was updated for the 2026 market and optimized for the latest MT5 builds. PRICE UPDATE NOTICE: Atomic Analyst is currently available for $99. The price will increase to $199 after the next 30 purchases . SPECIAL OFFER:  After purchasing Atomic Analyst, send me a private message to claim the Smart Universal EA for FREE and turn your Atomic Analyst signals into automated trades. [Online Course] ,  [How to use] , [User Manual] ,  [PDF]  And [DEMO] Atomic Analyst is a non-repainting, n
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Oleg Rodin
5 (6)
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M1 SNIPER  is an easy to use trading indicator system. It is an arrow indicator which is designed for M1 time frame. The indicator can be used as a standalone system for scalping on M1 time frame and it can be used as a part of your existing trading system. Though this trading system was designed specifically for trading on M1, it still can be used with other time frames too. Originally I designed this method for trading XAUUSD and BTCUSD. But I find this method helpful in trading other markets
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The legend is back! Entry Points Pro 10. A relaunch of the legendary indicator that held a Top-3 spot on the MQL5 Market for 3 years. Hundreds of rave reviews (589 across two versions), thousands of traders use it every day, 31,000+ demo downloads  across   MT4   +   MT5 . I have read every one of your reviews from the past five years — and instead of promises, I built the answers into version 10. From an author who has been in the market since 1999 and values honesty, his reputation and his cli
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Ihor Otkydach
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The SUPERHERO indicator is a multi-currency trading system designed on an "all-inclusive" basis. The indicator independently analyzes the market and provides signals on when to open and close trades. It uses Stop Loss and Take Profit orders. The R:R ratio is 1:1. From time to time, I personally trade based on this system's signals, and here are the results I get—   LIVE SIGNAL This system can send push notifications to your smartphone, so you can place trades "on the go" without needing to be ti
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The  UZFX {SSS} Scalping Smart Signals v4.0 MT5  is a Non Repaint high-performance trading indicator designed for Scalpers, Day Traders, and Swing Traders  who demand accurate, real-time signals in fast-moving markets. Developed by  (UZFX-LABS) , this indicator combines price action analysis, trend confirmation, and smart filtering to generate high-probability  buy and sell signals, Warning Signals, and Trend Continuation Opportunities across all currency pairs and timeframes.  Stop second-guess
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LAUNCH PRICE: $99 Axiom Matrix is available at the launch price of $99. The price will increase to $199 after the first 30 purchases. SPECIAL OFFER:  After purchasing Axiom Matrix, send me a private message to claim the Smart Universal EA for FREE and turn your Smart Trend signals into automated trades. [User Manual] , [Online Course] , [PDF]  And [DEMO] Axiom Matrix is a professional multi-symbol, multi-timeframe market scanner and decision dashboard for MetaTrader 5. It scans your Market Watc
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Ramil Minniakhmetov
5 (18)
Indicators
TREND CATCHER INDICATOR Trend Catcher Indicator analyzes market price movements, using a combination of the author’s proprietary and customized adaptive trend-analysis indicators.  It identifies the true market direction by filtering out short-term noise and focusing on underlying momentum strength, volatility expansion, and price structure behavior.  It also uses a combination of smoothing and trend-filtering customized indicators such as moving averages, RSI, and volatility filters.   Real ope
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Oleg Rodin
5 (9)
Indicators
Gann Made Easy   is a professional and easy to use Forex trading system which is based on the best principles of trading using the theory of W.D. Gann. The indicator provides accurate BUY and SELL signals including Stop Loss and Take Profit levels. You can trade even on the go using PUSH notifications. PLEASE CONTACT ME AFTER PURCHASE TO GET TRADING  INSTRUCTIONS   AND GREAT EXTRA INDICATORS  FOR FREE! Probably you already heard about the Gann trading methods before. Usually the Gann theory is a
FiboSniper Pro
Van Minh Nguyen
5 (2)
Indicators
FiboSniper Pro – Professional Multi-Filter Fibonacci Grid Trading System FiboSniper Pro is an advanced technical trading indicator system that combines Fibonacci Envelopes with multiple layers of market confirmation, including ADX, EMA, RSI, ATR, and Time Filters. By combining price structure, trend, momentum, and volatility analysis, it helps traders identify more selective and higher-quality entry opportunities while providing automatic ATR-based Stop Loss and Take Profit levels for structured
Power Candles MT5
Daniel Stein
5 (10)
Indicators
Power Candles V3 - Self-Optimizing Strength Indicator Power Candles V3 turns currency and instrument strength into an actionable trade plan on every chart it is attached to. Instead of just coloring candles, it runs a live auto-optimization in the background and hands you the best Stop Loss, Take Profit and signal threshold for the symbol in front of you. One click adopts it for live trading - entry, Stop Loss and Take Profit rays appear on the chart at the exact prices, and alerts fire with dir
Crystal Heikin Ashi Signals
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5 (3)
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Crystal Heikin Ashi Signals - Professional Trend & Signal Detection Indicator Advanced Heikin Ashi Visualization with Intelligent Signal System for Manual & Automated Trading Final Price: $149 ---------> Price goes up $10 after every 10 sales . Limited slots available — act fast . Overview Crystal Heikin Ashi Signals is a professional-grade MetaTrader 5 indicator that combines pure Heikin Ashi candle visualization with an advanced momentum-shift detection system. Designed for both manual traders
Gem SIGNAL
Shengzu Zhong
5 (1)
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GEM Signal Pro GEM Signal Pro is a trend-following indicator for MetaTrader 5, designed for traders who want clearer signals, more structured trade setups, and practical risk management directly on the chart. Instead of showing only a simple arrow, GEM Signal Pro helps present the full trade idea in a cleaner and more readable way. When conditions are confirmed, the indicator can display the entry price, stop loss, and take profit targets on the chart, helping traders review the setup more effic
Reversion King Indicator
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5 (6)
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A new King in town - Indicator + Order management indications(tp1+tp2+tp3) + Optional Telegram Signal sender   INCLUDED (FREE) ( FULL TRADING  and SIGNAL SYSTEM ) Our best EA for Gold: Gold Slayer  This indicator includes an advanced Strategy, a trading system with customisable order management and a mean reversion system that combines envelope extensions, backed by multiple intelligent confirmation filters like RSI to catch high probability reversal entries with BUY and SELL signals . The indi
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SkyHammer Signal Pro Professional No-Repaint Trend Signal Indicator with Locked Entry, SL and TP Levels SkyHammer Signal Pro is a structured trend and momentum signal indicator designed for traders who want clear, fixed, and verifiable trading signals. It works best on lower timeframes such as M1 and M5 . The indicator does not try to predict tops or bottoms. Instead, it waits for confirmed market structure, trend direction, momentum strength, volatility quality, and target space before generati
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We present you a revolutionary indicator that changes the rules of the game in the world of trend trading. The indicator is designed to rethink performance and elevate your trading experience to unprecedented heights. Our indicator boasts a unique combination of advanced features that set it apart from its competitors. The advanced technology of "Real Pricing Factors" ensures unsurpassed stability even in the most difficult and volatile market conditions. Say goodbye to unstable patterns, broken
Smc Pro ToolKit
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SMC PRO TOOLKIT — SMART MONEY ANALYSIS & STRUCTURED TRADE PLANNING SMC Pro ToolKit is a professional Smart Money Concepts analysis workspace for MetaTrader 5. It combines market structure, multi-timeframe analysis, institutional price zones, setup evaluation, confirmation tools, volume context, alerts, and risk planning inside one organized chart environment. One workspace. Multiple layers of confirmation. One structured trading plan. OPEN COMPLETE USER GUIDE MULTI-CONDITION SETUP ENGINE At
Quant Direction MT5
Georgios Kalomoiropoulos
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Quant Direction is a 3 dimensional market analysis tool. It provides a purely objective, algorithmic view of the market by calculating exact percentage-based biases across multiple dimensions simultaneously. Developed utilizing advanced AI modeling tools and subjected to thorough testing, this algorithm is engineered to read the market with unique precision. It can analyze any currency pair or financial instrument available on your platform.  Quant Direction is the ideal tool whether you are a S
Supply and demand indicators MT5
Xin You Lin
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FX-AIEA Smart Supply and Demand Zone Identification Indicator (Supply and Demand Indicators MT5) Version: 2.51 | Compatible Platform: MetaTrader 5  Why do trades need supply and demand zones? Supply and demand zones are the core manifestation of institutional order flow, reflecting real buying and selling power more accurately than traditional support and resistance. However, manual drawing is not only time-consuming but also highly subjective and prone to missing key areas. FX-AIEA Supp
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Muhammad Jawad Shabir
5 (2)
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CRYSTAL QUANTUM PRO Institutional Signal & Trade Intelligence for MetaTrader 5 Final Price: 199 USD ----> Price goes up 10 USD after every 10 sales. Limited launch slots available, act fast. Most indicators give you an arrow and leave you alone. A naked arrow is a gamble. Winning consistently requires CONFLUENCE , a clear STOP and TARGET , and honest PROOF that the system works. Crystal Quantum Pro delivers all three in one clean, no-repaint package. Crystal Quantum Pro is a complete decision sy
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Garry James Goodchild
5 (4)
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BTMM State Engine Pro by G-Labs — Beat The Market Maker indicator for MetaTrader 5. Asian session range, London and New York kill zones, level progression (L1/L2/L3), peak formation detection (PFH/PFL), entry signals, and a multi-pair scanner from one chart. Stop scanning charts one pair at a time. The State Engine tracks the BTMM daily cycle automatically — Asian box, room boundaries, level blocks, peak formations, and filtered entries — while the scanner dashboard shows level, peak status, d
Currency Strength Wizard MT5
Oleg Rodin
5 (1)
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Currency Strength Wizard   is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s
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