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Forex Indicator 'BinaryWave_StDev'

This Indicator is made by LeMan. This is a binary wave indicator. Trader can make an additional trend strength indication here. That showed by colored dots based on a standard deviation algorithm. For example, when standard deviation appears on the level between dK1 and dK2 parameters values, than indicator will distribute colored dots through the moving average. And when the standard deviation increases higher than dK2 parameter, than the moving average increases too with colored dots. After that, dots position can give us three trend strength levels:

1. If there are no dots, than the trend strength level is weak;

2. If we can see small colored dots, than it is a medium level;

3. Big colored dots show us a strong level of the trend strength indication.

The above described indicator is made for MetaTrader 5.


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