Weighted deviation

Weighted deviation

Weighted deviation MT5 indicator for multiple cycles. The indicator helps to identify potential trading opportunities in different time frames.

This weighted deviation is a sort of all linear weighted deviation. It uses linear weighting in all the steps calculated (which makes it different from the built in deviation in a case when linear weighted ma is used in the ma method). It is more responsive than the standard deviation

Weighted deviation

Weighted deviation

Recommendations:

  • Use it as any deviation indicator

How to install Weighted deviation Indicator in MetaTrader 5 Forex Trading Platform?

  • Extract the downloaded Weighted deviation Indicator.zip file.
  • In the MetaTrader 5 trading platform, go to the “File” menu and click “Open Data Folder”.
  • Navigate to the MQL5 folder and open the Indicators folder.
  • Paste the Weighted deviation Indicator.ex5 file(s) into the Indicators folder.
  • Restart the MetaTrader 5 platform.

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