XStdDevSpeed – indicator for MetaTrader 5

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category:MT5 INDICATORS

Smoothed standard deviation changing rate. Interpretation of the indicator values:

  • High positive values (yellow) indicate an increasing trend;
  • High negative values (gray) indicate that the trend is falling;
  • Zero values after positive ones indicate that the trend continues;
  • Zero values after negative ones allow you to assume that the market is flat.

The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The classes were described in detail in the Averaging Price Series for Intermediate Calculations Without Using Additional Buffers article.

Fig.1. Indicator XStdDevSpeed

Fig.1. Indicator XStdDevSpeed

Comment

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