StdScore v4.2 – indicator for MetaTrader 4

StdScore v4.2 – indicator for MetaTrader 4

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An oscillator that duplicates the chart of a selected asset in a separate window in three ways: line, bars and candles. This is essentially an indicator Bollinger bands, displayed in a separate window.  In my opinion, it will be useful for beginners as a way to look at various technical signals from a different angle.  This indicator helped me in an adviser for filtering unfavorable moments for trades.

Calculation of a standard assessment and its conclusion in the form of candles.

Formula:

μ – moving average

σ – is the standard deviationImportant features:

the last candle (current candle) can be indicator redrawn strongly, especially at the beginning, this is a feature of the calculation formulaсhecking the accessibility of history is not carried out, which is especially true when using a symbol other than the current

Parameter Description

Periodcalculation period Symbolsimbol, an empty value is the current simbol Reversereverse indicator values Applied priceestimated price. By default, Median Price (HL / 2) is used as the least prone to redrawing Value and line pricetype of chart: Line, Bar – High/Low price, Candlestick Bull colorcolor of the bull candle / bar Bear colorcolor of the bear candle / bar
 Background colorbackground color Body widththickness of the body of the candle;  0 – auto detect, 1 – body is hidden Maximum barsmaximum number of bars displayed.  If 0 – no limit. Shiftshift of the indicator values 


Ways of interpretation:

1. When you hold a trade and it is in the positive zone, moving the indicator values from 2 to 4 indicates a likely local rebound soon, so you should think about fixing a position if your trade is designed for short movements.

2. Confirmation signalas of breakout trading ranges, as well as the provision of early signals for transactions.

If you find more interesting examples of how to work with this indicator, write to me, I will be happy! If you are looking for a reliable broker, and also want to quickly pick up tools and spreads, there is a good selection of top companies, here is a link to TOP brokers.

StdScore v4.2 – Download Instructions

StdScore v4.2 is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install the software?

  • Download the mq4 file from the zip file.
  • Copy the mq4 file to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on the mq4 file.
  • Attach to a chart
  • Modify settings or press ok
  • Indicator should be available on your Chart

How to remove tim.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

StdScore v4.2 – indicator for MetaTrader 4[/sociallocker]

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