Standard Deviation Channels X3 Cloud Indicator
Platform: MT5 Type: Channel Last update: September 22, 2024The name of the Standard Deviation Channels X3 Cloud Indicator for MT5 pretty much defines what it is. It plots a channel (with three extensions to top and bottom) based on the Standard Deviation indicator. The violet trendline is a middle line of the channel.
First, check the slope of the channel whenever it’s upward or downward and then trade accordingly. When the price reaches green bands, a trade should look for sell trade opportunities. Similarly, when the price reaches red bands, a trade should look for buy trade opportunities.
