Standard Deviation Channels MT4 Trading Indicator

Forex Standard Deviation Channels MQ4 Trading Indicator – The Standard Deviation Channel is plotted on the basis of the Linear Regression Trend, representing a usual trendline drawn between two points on the price chart using the method of least squares.

Trading NOTES

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Standard deviation channels are plotted at a set number of standard deviations around a linear regression line. They can be usefully applied to swing trading (as well as for detecting changes in momentum).

Visually identify a stable trend on the chart and fit standard deviation channels by dragging your mouse over the selected time period.

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