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Indicators

Weighted deviation bands - indicator for MetaTrader 5

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8141
Rating:
(15)
Published:
2023.03.04 11:36
Updated:
2023.03.04 11:37
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Variation of the Bollinger bands but it uses linear weighted average and weighted deviation (see the description of weighted deviation here : Weighted deviation )


Recommendations:
  • Use it as any Bollinger type indicator


Weighted deviation Weighted deviation

Weighted deviation

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Macd Divergence Stochastic & BB Macd Divergence Stochastic & BB

MTF divergence settings

Divergence ema rsi Divergence ema rsi

Rsi close/ mtf use