The Standard Deviation (STD) Bands indicator is a useful tool for forex traders using the popular MT4 platform. This free indicator helps traders identify potential price reversals by highlighting overbought and oversold conditions in the market. The indicator works by calculating the standard deviation of price movements over a specific period and then creating bands around the price chart. When the price reaches the upper band, it indicates that the market is overbought and a potential reversal may occur. On the other hand, when the price reaches the lower band, it suggests that the market is oversold. Traders can use the STD Bands indicator to place buy or sell orders based on these signals. It is a simple yet effective tool for market analysis and can help improve trading decisions.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Std-Div-Bands-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Std-Div-Bands-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Std-Div-Bands-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Std-Div-Bands-screenshot-3-230x144.png)
STD Div Bands
The STD Div Bands Indicator is a popular and useful forex indicator for the MT4 platform. It is a free tool that utilizes standard deviation to plot dynamic bands around price action, helping traders identify potential reversal points. By understanding how to use this indicator, traders can make more informed decisions when entering or exiting trades.
Indicator Type | |
---|---|
Trading Style | , |
Timeframe | |
Platform |
0
People watching this product now!
Category: Envelope Indicators
Downloads - 3
Description
Reviews (0)
Be the first to review “STD Div Bands” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Keltner Channel
The Keltner Channel Indicator is a popular and useful Forex indicator that can be used to identify potential price breakouts. It is free to use on the MT4 trading platform and is designed to help traders identify overbought and oversold market conditions. The Keltner Channel Indicator works by plotting two bands around a moving average. The Keltner Channel Indicator is a great tool for traders to use to identify potential price breakouts and make informed trading decisions.
Polynomial Regression Channel
The Polynomial Regression Channel Indicator is a useful and popular free Forex indicator for MT4 (MetaTrader 4) that helps traders to identify trends and potential entry and exit points. It works by creating a channel around the price movements of an asset, which is determined by the polynomial regression line. The indicator then plots lines above and below the regression line to form the channel. With the Polynomial Regression Channel Indicator, traders can easily identify trends and potential entry and exit points, making it a popular and useful free Forex indicator for MT4.
Raff Channel
The Raff Channel Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify and take advantage of trends in the market. The indicator works by plotting two parallel lines on a chart, one above the other. These lines represent the upper and lower boundaries of the current price trend. The Raff Channel Indicator is easy to set up and use, making it a popular choice for traders of all levels.
Envelopes Indicator
The Envelopes Indicator is a popular and useful tool for Forex traders. It is free to use and available for MT4 platforms. The indicator helps traders identify potential buy and sell signals in the market by plotting two bands around the price action. The bands are calculated by taking a moving average of the price and then adding and subtracting a percentage of that average. The Envelopes Indicator is a great tool for Forex traders looking for an easy way to identify potential trading opportunities.
TMA+CG Indicator
The TMACG Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by analyzing price action and momentum, and then displaying potential buy and sell signals on the chart. The TMACG Indicator is a great tool for traders looking to take advantage of the Forex market's potential for profit.
Reviews
There are no reviews yet.