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Understanding Weighted Deviation Bands: A Unique Indicator for MetaTrader 4

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If you’re familiar with Bollinger Bands, you’re going to love the Weighted Deviation Bands. This indicator takes the classic Bollinger Bands concept a step further by utilizing a linear weighted average and weighted deviation to provide you with more refined trading insights. Curious about how it works? Check out the detailed explanation of weighted deviation here.

Weighted Deviation Bands Indicator

Bollinger Bands Comparison

How to Use Weighted Deviation Bands:
  • Feel free to use it just like any other Bollinger-type indicator. It's all about finding the right trading strategy that suits your style!

Happy trading!

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