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  • Reviews (2)
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Standard Deviation Channel

5

- Alert, Notification and Email when price reaches a level.

- Second channel possible.

- The Channel updates with every new bar, so moves along with time.

- Does not repaint.

Generate a signal in your EA.

Description

Standard Deviation Channel is built on base of Linear Regression Trend representing a usual trendline built between two points on the price chart using the method of least squares.
As a result, this line proves to be the exact median line of the changing price.
It can be considered as an equilibrium price line, and any deflection up or down indicates the superactivity of buyers or sellers respectively.

Standard Deviation Channel consists of two parallel lines, equidistant up and down from the Linear Regression Trend.
The distance between frame of the channel and regression line equals to the value of the standard deviation of the close price from the regression line.
All price changes take place within Standard Deviation Channel, where the lower frame works as support line, and the upper one does as resistance line.
Prices usually exceed the channel frames for a short time.
If they keep outside of the channel frames for a longer time than usually, it forecasts the possibility of trend turn.
(reference www.metatrader5.com)

Settings
  • Bars - how many bars
  • Bars back from current bar (0) -  last point (most right) of the channel.  Current bar is bar #0.
  • Channel 1 Deviations
  • Channel 1 Color
  • Channel 1 Line Style
  • Channel 1 Line Width
  • Draw Channel 2
  • Channel 2 Deviations
  • Channel 2 Color
  • Channel 2 Line Style
  • Channel 2 Line Width
  • Center Line Color
  • Center Line Style
  • Center Line Line Width
  • ------------ Alerts
  • Show Alert
  • Send Notification
  • Send Email
  • On Channel 2 TOP
  • On Channel 1 TOP
  • On CENTER
  • On Channel 1 BOTTOM
  • On Channel 2 BOTTOM
  • Disable on Start Up - to enable/disable this first alert if current bar covers a line (level) each time you deploy the indicator or change a setting

Remark

Sending Notifications and Emails has to be configured in the Trading Platform as well and Events has to be enabled for the Alert.
Go to Tools/Options/Notifications (or Email or Events) tab.
If you need help with that then click Help on those tabs or hit F1.



It is possible to generate a signal in your EA.

You can read the 5 indicator buffers (0 to 4):
  • center            = Line Index 0
  • top_channel_1     = Line Index 1
  • bottom_channel_1  = Line Index 2
  • top_channel_2     = Line Index 3
  • bottom_channel_2  = Line Index 4


Many green pips!

Walter






















Reviews 2
intan08
1382
intan08 2020.10.02 12:07 
 

Worth every penny!

cvdestyfx
2702
cvdestyfx 2019.12.18 06:59 
 

Very useful indicator for observing direction of market, seeing levels of support and resistance, and identifying high probability reversal areas. Clean and accurate.

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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 mr. 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 MY TRADING TIPS PLUS A GREAT BONUS! Probably you heard already many times about Gann trading methods. Usually Gann's theory is very complex thing not only
55 USD
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Will Calculate the Lot Size for a given Percent Risk and places the order with SL and TP with a click of a button. Locks in your profits on auto-pilot with a Set Break Even function and/or several Trailing Stop Loss methods. Drag and position your Stop Loss and Take Profit before placing the actual order. Close trades with a click of a button. Works with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instrument:  Forex, Bonds, Futures, Indices, Commo
95 USD
Round Numbers and Background.   The WaltSoft RNB Plus Indicator adds scale and perspective to your charts. Alert, Notification and Email can be set for when price reaches a Big Round Number. Because price does very often react on big round numbers  this indicator is e specially handy for Scalping and Swing trading. On a naked chart you have no clue of how much price has moved. But put the WaltSoft RNB on your chart and it draws an alternating color background (grid) with a scale you can c
30 USD
Round Numbers and Background.   The WaltSoft RNB Plus Indicator adds scale and perspective to your charts. Alert, Notification and Email can be set for when price reaches a Big Round Number. Because price does very often react on big round numbers  this indicator is especially handy for Scalping and Swing trading. On a naked chart you have no clue of how much price has moved. But put the WaltSoft RNB on your chart and it draws an alternating color background (grid) with a scale you can cho
30 USD
The WaltSoft Fibonacci Patterns SCOUT searches for Fibonacci Patterns, also called Harmonic Patterns, and displays the results in a clear table. The WSFP SCOUT can search for 16 different Patterns plus 1 Custom Pattern and can process up to 28 Instruments and up to 9 Time Frames at once. It refreshes every second and alerts you when it finds a new pattern. Clicking on a Pair-Time Frame combination will open the relevant chart and displays the patterns which you then can trade manually. Take P
99 USD
Have you ever wondered which currency is moving a pair? For instance, if you see EURUSD go up, then is it because the EUR is getting stronger or because the USD is getting weaker? Well, this nifty little indicator will tell you in a blink of an eye! The indicator shows the relative strength of eight major currencies by comparing each currency with all the other ones, and presents the result in an easy to interpret graphical way. Alerts, Notifications and Emails can be set on a range of scena
30 USD
Looking for more detailed price action? Is trading M1 charts just not enough? The WaltSoft Tick indicator draws every incoming tick! In addition to that: It draws your open positions, complete with Order Number and Lot Size. It draws your TP and SL. It calculates and displays your current profit or loss in points, money and percent. It displays the current spread. It displays the average spread. This handy indicator will enhance your scalping strategies! Settings (most settings need no explana
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The WaltSoft Log Spread Indicator will log the Average Spread on the chosen Interval and create a .csv file in the MQL4/Files folder or when testing in the tester/files folder. Meant to be used on a life chart, but can be used in the Strategy Tester. However, an Indicator in the strategy Tester will always run in visible mode, so the test could take a longer time. If you want quicker results in the Strategy Tester then you can download the free EA version here: https://www.mql5.com/en/market
30 USD
The WaltSoft Log Spread EA will log the Average Spread on the chosen Interval and create a .csv file in the MQL4/Files folder or when testing in the tester/files folder. Typical use Meant to be used in the Strategy Tester to check the spread on the history data. If you are testing an EA with the Tick Data Suite on downloaded history data with variable spread, then you have no clue if the spread from 10 years ago is the same spread you have today on the same pair, and so you may want to adjust
30 USD
The WaltSoft Fibonacci Patterns SCOUT searches for Fibonacci Patterns, also called Harmonic Patterns, and displays the results in a clear table. The WSFP SCOUT can search for 16 different Patterns plus 1 Custom Pattern and can process up to 28 Instruments and up to 9 Time Frames at once. It refreshes every second and alerts you when it finds a new pattern. Clicking on a Pair-Time Frame combination will open the relevant chart and displays the patterns which you then can trade manually. Take
99 USD
Will Calculate the Lot Size for a given Percent Risk and places the order with SL and TP with a click of a button. Locks in your profits on auto-pilot with a Set Break Even function and/or several Trailing Stop Loss methods. Drag and position your Stop Loss and Take Profit before placing the actual order. Close trades with a click of a button. Works with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instrument:  Forex, Bonds, Futures, Indices, Commo
95 USD
Have you ever wondered which currency is moving a pair? For instance, if you see EURUSD go up, then is it because the EUR is getting stronger or because the USD is getting weaker? Well, this nifty little indicator will tell you in a blink of an eye! The indicator shows the relative strength of eight major currencies by comparing each currency with all the other ones, and presents the result in an easy to interpret graphical way. Alerts, Notifications and Emails can be set on a range of scena
30 USD
- Alert, Notification and Email when price reaches a level. - Second channel possible. - The Channel updates with every new bar, so moves along with time. - Does not repaint. - Generate a signal in your EA. Description Standard Deviation Channel is built on base of Linear Regression Trend representing a usual trendline built between two points on the price chart using the method of least squares. As a result, this line proves to be the exact median line of the changing price. It can be consider
30 USD
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intan08
1382
intan08 2020.10.02 12:07 
 

Worth every penny!

cvdestyfx
2702
cvdestyfx 2019.12.18 06:59 
 

Very useful indicator for observing direction of market, seeing levels of support and resistance, and identifying high probability reversal areas. Clean and accurate.

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Version 2.0 2023.06.05
- Replaced setting "Include Current Bar (Redraw?)" by "Bars back from current bar (0)" = 1
Version 1.9 2023.04.11
- Fixed lines display issue
Version 1.8 2023.01.18
Correction previous update
Version 1.7 2023.01.18
- Fixed issue indicator not always updating on M1 chart
Version 1.6 2022.04.07
1. Changed default setting:
- Include Current Bar (Redraw?) --> set to NO

Changed settings for Alerts to:
- On Channel 2 TOP
- On Channel 1 TOP
- On CENTER
- On Channel 1 BOTTOM
- On Channel 2 BOTTOM
So now Alerts are possible for separate scenarios.

2. Added information in Alerts:
- Channel Top or Bottom touched from the Inside or Outside. (from Below or Above for center of the channel)
Version 1.5 2021.10.10
- For the Alerts, added settings "On Upper Line(s)" and "On Lower Line(s)" so that separate alerts and notifications can be set for upper and lower lines of the channel.
Version 1.3 2020.12.18
Added settings to set color, style and line width of channels
Version 1.2 2020.03.11
Bug fix: it drew 1 bar too little