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Published:

2021.12.12 20:06

Momentum deviation.mq4 (4.39 KB) view

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This is a variation on the standard deviation

it is using momentum of price (instead price itself) for calculation
it is calculated in a way that it takes minimal CPU load

As far as values are concerned, it is similar to standard deviation. Same as standard deviation it can calculate deviation of anything

Recommendations:

You can use it as any standard deviation indicator

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