T3 Deviation - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
The original idea came from Bob Fulks and Alex Matulich (who improved the original Tim Tillson T3 calculation).
This calculation is not a T3-smoothed standard deviation. Instead, it uses an intermediate step in the T3 calculation to obtain the T3-based bias. As expected, the deviation calculated this way is much smoother than the standard deviation (due to the use of T3, which itself is smoother than a simple moving average), and responds "faster" to market changes.
Attachment download
📎 t3_deviation.mq5 (13.05 KB)
Source: MQL5 #20695
T3 deviation - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
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