Unlocking the Power of Weighted Deviation Bands in MetaTrader 5

Mike 2023.03.04 20:36 18 0 0
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If you’re familiar with Bollinger Bands, then you’re in for a treat with the Weighted Deviation Bands. This nifty indicator brings a fresh twist to the classic bands by utilizing a linear weighted average and weighted deviation, making it a powerful tool for your trading arsenal. For a deeper dive into weighted deviation, check out the details here.

Weighted Deviation Bands on MetaTrader 5

Example of Weighted Deviation Bands

Recommendations:
  • Utilize it just like any standard Bollinger Bands indicator.


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