StdDev Divergence Indicator
StdDev Divergence Indicator Generation III is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear.
The Standard Deviation Indicator (StdDev) measures the market volatility. This indicator describes the price standard deviation value relative to the moving average.
The higher the Standard Deviation is, the more instable (volatile) the market is, i.e., bars prices are rather dispersed relative to the moving average. Opposite, the lower the deviations is, the more immovable the market is, i.e., the bars prices are approaching to the moving average very much. It is known, however, that the market dynamics consists in interchange of quiet periods and activity spikes.
StdDev Divergence MT4 Indicator shows fractal divergence by StdDev MT4 indicator . When divergence arises between StdDev MT4 indicator and the price it means forthcoming end of current trend. The signal to buy comes when new Low-fractal is below the previous one, and corresponding StdDev meaning is above the previous one The signal to sell comes when new Up-fractal is above the previous one and the corresponding StdDev meaning is below the previous one. The indicator has a lot of customizable settings.