EMAVFS_StDev - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This EMAF Flying System has an indicator with additional trend strength indication using colored points based on the standard deviation algorithm.
If the standard deviation of the EMAVFS indicator is 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. Thus, we get three levels of trend strength indication.
Figure 1. Indicator EMAVFS_StDev
Attachment download
📎 emavfs_stdev.mq5 (31.36 KB)
Source: MQL5 #20720
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