i-CAi_StDev - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Alexander Picciotta

This i-CAi indicator has an additional trend strength indication using colored points based on the standard deviation algorithm.

If the standard deviation of the i-CAi indicator is between the dK1 and dK2 parameter values, a small colored dot will appear on the moving average. Its color corresponds to the current trend direction.

 Enter double dK1= 1.5 ; // Square law filter coefficient 1 Enter double dK2= 2.5 ; // Square law filter coefficient 2

If the standard deviation is higher than the dK2 input parameter value, the point size increases. Therefore, we get 3 levels of trend strength indication.

Figure 1. i-CAi_StDev indicator

Attachment download

📎 i-cai_stdev.mq5 (15.08 KB)

Source: MQL5 #15989