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

Gregory A. Cacchiani

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

If the standard deviation of the Gaus_MA indicator lies 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. Gaus_MA_StDev indicator

Attachment download

📎gaus_ma.mq5 (9.3 KB)

📎 gaus_ma_stdev.mq5 (16.26 KB)

Source: MQL5 #12935