Motion Smoothness Index – indicator for MetaTrader 4

Motion Smoothness Index – indicator for MetaTrader 4

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Motion_Smoothness_Index

Motion Smoothness Index

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“Telling when market price is smooth or rough is not the easiest task, so here is a trend metric indicator that provides you with that information.”
The indicator has in an approximate range of (0,1) with mean x¯ decaying for higher length’s, when the indicator is below 0.5 the market is smooth, else rough, this is the simple interpretation. The indicator is simply the ratio of the price residual standard deviation and the price standard deviation.
Higher value of length will make the indicator less accurate when it comes to detect rough market price, you can still use the indicator direction or its running mean to give you insights but 0.5 is still the recommended detection threshold.” – Alex Grover

Motion Smoothness Index – Download Instructions

Motion Smoothness Index 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

Motion Smoothness Index Indicators Download below:

Motion Smoothness Index – indicator for MetaTrader 4