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

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

If the standard deviation of the XXRSX indicator is higher than the dK input parameter value, a colored point will appear on the moving average. Its color corresponds to the current trend direction.

 Enter double dK= 2.0 ; // square law filter coefficients

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

Figure 1. XXRSX_StDev indicator

Attachment download

📎 smoothalgorithms.mqh (130.19 KB)

📎xxrsx_stdev.mq5 (13.35 KB)

Source: MQL5 #12824