Juice - EMA Bias - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The "Juice" indicator shows whether the standard deviation level is above or below a certain desired level. In this way, it shows whether we are in a period of increased or decreased volatility.
It uses EMA deviation (originally posted here: EMA deviation ) and since EMA deviation is "faster" than regular standard deviation, it can generate signals faster
This indicator is not a directional indicator. Instead, use to detect times of elevated volatility and adjust your trades accordingly
Don't be confused by the fact that the EMA deviation may be negative. This is a result of using a specific calculation mode and is natural for EMA deviations
Attachment download
📎juice_ema_deviation.mq5 (9.7 KB)
Source: MQL5 #22486
Juice - EMA Deviation - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Juice - EMA Deviation - 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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