std dev cross
Info
The std dev cross is a Indicator for MetaTrader 5 that stddev cross indicator displays two lines of the standard deviation with different parameters and sets signal pointers at the intersection of these lines. there are five inputs:first ma period- first stddev calculation period first ma method - first stddev calculation method second ma period- second stddev calculation period second ma method - second stddev calculation method applied price- moving averages calculation priceif the first stddev crosses the second one upwards, the blue pointer is placed on the average price of the two stddev (stddev1+stddev2)/2if the first stddev crosses the second one downwards, the red pointer is placed on the average price of the two stddev (stddev1+stddev2)/2.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use std dev cross
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
stddev cross indicator displays two lines of the standard deviation with different parameters and sets signal pointers at the intersection of these lines.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: xander adaptive cross: trend identification tool - another powerful indicator for MetaTrader 5 traders.
stddev cross indicator displays two lines of the standard deviation with different parameters and sets signal pointers at the intersection of these lines.
Also recommended: crosshair - real-time candle metrics on hover - similar indicator with strong performance on MetaTrader 5.
there are five inputs:first ma period
- first stddev calculation period
first ma method
- first stddev calculation method
second ma period
- second stddev calculation period
second ma method
- second stddev calculation method
applied price
- moving averages calculation price
if the first stddev crosses the second one upwards, the
blue
pointer is placed on the average price of the two stddev (stddev1+stddev2)/2if the first stddev crosses the second one downwards, the
red
pointer is placed on the average price of the two stddev (stddev1+stddev2)/2
You may also like: Stochastic Cross Alert Indicator Overlay - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.