Standard_Deviation_Channels_x3 - MetaTrader 5 script

Real author: Stayer59

Uses three standard deviation channels of the indicator buffer based on the number of bars defined in the indicator input.

 //+--------------------------------------------------------+
//| Indicator input parameters |
//+--------------------------------------------------------+
Input unit N_= 240 ; // Number of candles for analysis
Enter double the standard deviation 1= 1.0 ; // first channel deviation
Enter double the standard deviation 2= 1.5 ; // Second channel deviation
Enter double the standard deviation 3= 2.0 ; // Third channel deviation
Enter integer shift = 0 ; // horizontal movement of the indicator in bars
Input integer price movement = 0 ; // vertical movement of the indicator in points

Figure 1. Indicator Standard_Deviation_Channel_x3

Attachment download

📎 standard_deviation_channels_x3.mq5 (19.76 KB)

Source: MQL5 #22893