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Ultimate Saturator Average Range MT5

This is an oscillator saturator, which bases the analysis in how much the close price is far from the average. It captures a saturation in the market, where the close price tends to return to the average line. It identifies a "tired pullback" in a current trend; when trending, the indicator shows a saturation in the opposite direction, which may push back the prices to the average line.


Indicator parameters

  • MAPeriod: period of averaging the indicator
  • StdDev: number of standard deviations for the indicator channels


How to use: Example of Strategy

  1. Identify that the market is trending.
  2. If uptrend, you will observe the indicator main line AvgRange below the lower channel.
    • When the AvgRange last value breaks down the ChannelDn line, you may go long.
  3. If downtrend, you will observe the indicator main line AvgRange above the upper channel.
    1. When the AvgRange last value breaks up the ChannelUp line, you may go short.
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