Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
It is very easy to use the Fibrillar indicator, since the simplest is to look at the chart and act according to the indications of the colored arrows. The algorithm takes into account the measurement of prices, and this method also focuses on measuring each of the price drops (H / C, H / O, LC, LO) - which gives more detailed information, but also more averaged.
When calculating this indicator, logarithmic gains are first calculated at the closing price, which allows you to filter out the trend, seasonality and other inclusions that spoil the picture of volatility, then the standard deviation is plotted using the data obtained. Such a calculation option takes into account intraday price fluctuations and focuses on measuring the "candlestick" share in the trend.
