StdScore v4.2 - indicator for MetaTrader 4

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 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.


μ - moving average

σ - is the standard deviation

Important features:

  • the last candle (current candle) can be indicator redrawn strongly, especially at the beginning, this is a feature of the calculation formula
  • сhecking 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.

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    คนเล่น Forex: StdScore v4.2 - indicator for MetaTrader 4
    StdScore v4.2 - indicator for MetaTrader 4
    คนเล่น Forex
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