MastersOfTrading

MoT - [Analyst] - Mean Deviation Index

**THE INDICATOR**

The MDX tracks mean deviation that is greater the average true range specified in the settings. Highly customisable.

**THE CHART**

AUDNZD on the 4HR Time Frame


**ON THE CHART INDICATORS**

- In the Top Panel we have our Force Ticks which when used in context with other Technical Analysis tools can show you what Smart Money is doing.

- On the chart we have our ATR-filtered Exponential Moving Average . It either plots further away from price or closer to price, the higher or lower the current ATR is compared to recent history.

- Also on the Chart we have our Sessions Indicator which allows you to add backgrounds for certain Trading Sessions so you can have a good gauge what Session is driving the MArket.

- In the Bottom Panel we have this indicator, the Mean Deviation Index which tracks mean deviation that is greater the average true range .

**MASTERS OF TRADING**

Many Thanks and Trade Safe!
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