XXRSX Standard Deviation Signal
Info
The XXRSX Standard Deviation Signal is a Indicator for MetaTrader 5 that this indicator is based on the xxrsx oscillator and its standard deviation. It provides trading signals by analyzing the oscillator's behavior and deviation from specified levels.
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 XXRSX Standard Deviation Signal
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
This indicator is based on the XXRSX oscillator and its standard deviation.
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: KCI Standard: A Pure Kinematic Computing Engine for Market Singularity Detection - another powerful indicator for MetaTrader 5 traders.
This indicator is based on the XXRSX oscillator and its standard deviation. It provides trading signals by analyzing the oscillator's behavior and deviation from specified levels.Also recommended: standard deviation (std dev) - similar indicator with strong performance on MetaTrader 5.
The indicator offers five methods for signal generation, which can be selected using the 'mode' input parameter:
- Levels Only: Identifies when the XXRSX oscillator enters overbought or oversold areas defined by 'uplevel' and 'dnlevel' parameters.
- Deviation Only: Captures moments when the deviation exceeds the boundary values set by the 'dk' parameter.
- Levels Plus Deviation: Combines the previous two methods, generating signals when the deviation exceeds the boundary values and the XXRSX oscillator is in the specified areas.
- Levels Plus Deviation by Trend: Similar to the previous method, but considers only uptrend signals in the overbought area and downtrend signals in the oversold area.
- Levels Plus Deviation Against Trend: Similar to the third method, but considers only downtrend signals in the overbought area and uptrend signals in the oversold area.
The indicator utilizes the smoothalgorithms.mqh library classes for its calculations. Ensure that the library is copied to the <terminal_data_folder>\mql5\include directory. For detailed information on using these classes, refer to the article 'Using the SmoothAlgorithms Library' (2026).
To use this indicator, place the compiled indicator file 'xxrsx_stdev.mq5' in the <terminal_data_folder>\mql5\indicators directory.
You may also like: Customizable Standard Deviation Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 draw_arrow
#property indicator_color1 clrmagenta
#property indicator_width1 2
#property indicator_label1 "xxrsx_stdev sell".......
⚠ 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.