Standard_Deviation_Channels - MetaTrader 5 Script - MT4/MT5 Resources
tageiger, aka fxid10t@yahoo.com
Two standard deviation channels are automatically positioned on the chart.
The indicator was originally written in MQL4 and first published in the code base of mql4.com on November 5, 2007.
Figure 1. Standard_Deviation_Channels
Attachment download
📎 standard_deviation_channels.mq5 (7.83 KB)
Source: MQL5 #2041
Standard_Deviation_Channels - MetaTrader 5 script usage and filtering recommendations
Standard_Deviation_Channels - MetaTrader 5 script is a resource related to Forex indicators. 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 on titles or short-term profit descriptions.
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