Ozymandias_StDev - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Original author:
This Ozymandias indicator has an additional trend strength indication using colored diamonds based on the standard deviation algorithm.
If the standard deviation of the Ozymandias indicator is higher than the dK input parameter value, colored diamonds will appear on the moving average. Its color corresponds to the current trend direction.
Enter double dK= 2.0 ; // square law filter coefficients
Figure 1. Ozymandias_StDev indicator
Attachment download
📎 ozymandias_stdev.mq5 (13.15 KB)
Source: MQL5 #12783
Ozymandias_StDev - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Ozymandias_StDev - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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