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Bezier Trend Strength Dots Using Standard Deviation

Article MQL5 code base

Summary

This indicator description explains how standard deviation can add a trend-strength cue to a Bezier indicator. When the Bezier indicator’s standard deviation exceeds a configurable threshold, the indicator plots a colored dot on the moving average; the dot’s color reflects the current trend direction. The stated threshold parameter is a square-law filter coefficient, with an example default of 2.0.

The description provides the triggering rule and visual interpretation, but no formula details, chart evidence, tests, or trading results. It does not explain how the Bezier series or standard deviation window is calculated, how the coefficient should be calibrated, or whether signals are intended for entries, exits, or confirmation. Traders would need to inspect the implementation and evaluate the indicator across instruments and market regimes before relying on its dots.

Key ideas

  • The indicator uses standard deviation to signal when Bezier movement exceeds a threshold.
  • A qualifying signal appears as a colored dot on the moving average.
  • The dot color represents the current trend direction.
  • The description does not provide validation results or enough detail to assess signal quality.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.