FTU DeviationMav
- Indicators
-
James Erasmus
Trader, developer
With a focus on mt5 and extensive research in: Astro finance, broker comparison and technical strategies
Get in touch for more about astro trend bias, trade management and broker analysis - Version: 2.10
- Activations: 7
A common indicator for trend analysis -- buy/sell on retrace to DevMav levels.
Price Deviation from Moving Average or simply a Deviation indicator—is a technical analysis tool designed to measure the percentage or absolute distance between the current price and a selected Moving Average (MA). Its primary purpose is to identify, in real-time, when a financial instrument is overbought or oversold, indicating that the price has moved too far from its mean and is likely to reverse or correct back toward the moving average.
Combine with other indicators and price studies for your trading system.
//---- Install ----//
After download, attach indicator to chart from the markets folder which is in navigator window (Cntrl N)
//---- Study ----//
Change inputs, colors etc
Compare and study interaction with other indicators
//---- Design ----//
There are no issues as of current version, also note this is not a standard DevMav indicator it has been altered.
Any queries feel free to contact, also leave your reviews and have a look at our other products especially algorithms (EAs)
